Lithuania's Consumer Price Index (CPI) growth has slowed down significantly in October 2024, as the latest data from the statistics office shows a month-over-month increase of 0.1%. This marks a slowdown from the 0.3% growth observed in September, as the nation grapples with economic pressures and aims to stabilize prices.
The data, updated on 11 November 2024, highlights a notable shift in Lithuania's inflationary trends over the last month. The current figure reflects a more tempered rise in consumer prices compared to the previous month, when the CPI recorded a growth rate three times higher than in October.
This deceleration in inflation may offer some relief to consumers and policymakers who have been concerned about the rising cost of living. As economic conditions continue to evolve, monitoring these CPI figures will remain crucial for anticipating the future trajectory of Lithuania's economic health.
