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Consumer spending pushing up prices

Aug 26, 2010
From wire reports

VILNIUS - Lithuania’s inflation rate will probably accelerate more than previously estimated this year because of rising food prices and a recovery in consumption, said the central bank, reports Bloomberg. Consumer prices will increase one percent this year, compared with a May 6 forecast of 0.4 percent, Vilnius-based Lietuvos Bankas said in an e-mailed statement on Aug. 20. The bank reiterated its economic growth forecast of 0.5 percent this year and 3.1 percent in 2011. Inflation ...

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