Lithuania Inflation October 2019

Lithuania

Lithuania: Inflation falls to near three-year low in October

November 11, 2019

Consumer ticked up 0.1% month-on-month in October, moderating from September’s 0.9% increase. A breakdown of the sub-components showed that 6 of the total 12 sub-components saw an increase in prices, led by clothing and footwear, and education, which more than offset lower prices for transport.

Meanwhile, inflation fell to a 35-month low of 1.6% in October, from 2.2% in September. In turn, annual average inflation inched down from 2.4% in September to 2.3% in October. Lastly, harmonized inflation dipped to a near three-year low of 1.5% in October, from 2.0% in September.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.3% in 2020, down 0.1 percentage points from last month’s estimate. In 2021, the panel sees inflation stable at 2.3%.


Author:, Economist

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Lithuania Inflation October 2019 0

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


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