Lithuania: Inflation edges up in September
October 11, 2011
In September, consumer prices rose 0.7% over the previous month (August: -0.4% month-on-month), which marked the first increase after three consecutive monthly drops. The rise reflected higher prices for clothing and footwear as well as for housing. As a result of the monthly increase, annual headline inflation inched up from 4.4% in August to 4.5% in September. Along the same line, annual average HICP inflation (based on the harmonized index of consumer prices) inched up from 3.6% in August to 3.8% in September. The Central Bank expects inflation to end the year at 4.4%, before moderating to 4.1% by the end of 2012.
Author: Armando Ciccarelli, Head of Data Solutions