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Lithuania Producer Price Inflation Accelerates In September

Lithuania's producer prices increased further in September, figures from Statistics Lithuania showed on Monday.

The producer price index increased 15.1 percent year-on-year in September, following a 12.3 percent rise in August.

Excluding refined petroleum products, producer prices grew 8.9 percent annually in September, following a 8.4 percent increase in the preceding month.

Producer prices for products sold on the Lithuanian market increased by 18.0 percent annually in September. Prices for products sold on the foreign market rose by 13.0 percent from a year ago.

On a month-on-month basis, producer prices rise 1.5 percent in September, following a 0.8 percent gain in the prior month.

Another data from Statistics Lithuania showed that the EU measure of harmonized index of consumer prices, or HICP rose 6.4 percent yearly in September, following a 5.0 percent increase in August.

On a monthly basis, HICP rose 1.7 percent in September.

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