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.
Author: Almanas Stanapedis, Economist