Lithuanian Inflation Rate Falls to Lowest Level Since March

Lithuanian inflation was the slowest in seven months in October as clothing and communications costs fell.

Consumer prices increased 4.2 percent from a year earlier, the slowest pace since March, from 4.5 percent in September, the Vilnius-based statistics office said in an e-mailed statement today. The median estimate of four economists in a Bloomberg survey was 4.4 percent. Prices grew 0.1 percent from the previous month.

Clothing prices fell 0.2 percent while costs of communications dropped 0.7 percent.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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