Lithuania: Inflation stabilizes in October from September
Latest reading: Harmonized consumer prices increased 3.7% on a year-on-year basis in October, stable from the prior month’s reading.
Relative to the prior month’s data, there were higher price pressures for food and non-alcoholic beverages (+5.2% on a year-on-year basis vs +5.0% in September), housing and utilities (+2.6% vs +2.1% in September), recreation (+4.1% vs +3.8% in September) and restaurants and hotels (+6.9% vs +6.6% in September). In contrast, price pressures reduced for transportation in October (+1.9% vs +2.2% in September).
Meanwhile, consumer prices increased 4.1% on a year-on-year basis in October, following a 4.0% rise in the previous month.
Finally, harmonized consumer prices were up 0.10% in October in month-on-month terms, following a 0.42% increase in the prior month.