Lithuania Inflation October 2020

Lithuania

Lithuania: Inflation stable in October

November 11, 2020

Consumer prices rose 0.07% over the previous month in October, moderating from the 0.40% increase seen in September. The moderation was largely driven by falling prices for food and non-alcoholic beverages. In addition, price pressures for transportation fell at a quicker rate while prices for alcoholic beverages and tobacco goods also dropped.

Inflation came in at 0.7% in October, unchanged from September’s figure which had marked the weakest inflation rate since May. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 1.5% in October (September: 1.6%). Lastly, harmonized inflation fell to 0.5% from the previous month's 0.6%.

FocusEconomics panelists project harmonized inflation to average 1.9% in 2021, which is down 0.2 percentage points from last month’s estimate, and 2.1% in 2022.


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Lithuania Inflation October 20 20

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


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