Lithuanian September Inflation at 3.4%, Quickest in Six Months

Lithuanian inflation accelerated in September to the fastest in six months as household costs surged.

Consumer prices rose 3.4 percent from last year, compared with 3.3 percent in August, the statistics office in the capital, Vilnius, said in an e-mailed statement today. Prices increased 0.7 percent on the month.

Lithuania needs price growth to slow to remain on track for euro adoption in 2014. In 2006, Lithuania became the only nation rejected for the currency switch after it missed an inflation target by 0.1 percentage point.

To contact the reporter on this story: Aaron Eglitis in Riga at aeglitis@bloomberg.net

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

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