Lithuania Inflation October 2016

Lithuania

Lithuania: Inflation inches up in October

November 10, 2016

Consumer prices in Lithuania rose 0.5% in October from the previous month, which was slightly below the 0.6% increase seen in September. According to the Statistical Institute, the figure reflected robust growth in prices for clothing and footwear and timid expansions in housing and transport prices. These increases were only partially offset by decreasing prices for food products and beverages.

Inflation came in at 0.9% in October, which was a minor increase from September’s 0.8% result. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) increased to 0.7% in October from September’s 0.6% figure. Annual average HICP inflation also inched up from a 0.3% reading in September to 0.4% in October.

The Central Bank expects HICP inflation to average 0.7% in 2016 and 1.8% in 2017. FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 0.7% in 2016, which is down 0.2 percentage points from last month’s estimate. In 2017, the panel sees inflation accelerating to 1.7%, which is down 0.1 percentage points from last month’s estimate.


Author:, Economist

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Lithuania Inflation October 2016

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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