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.
Author: David Ampudia, Economist