Lithuania Inflation May 2016


Inflation falls further in May

Consumer prices in May were unchanged over the previous month. The result came in below April’s 0.5% increase. According to the statistical institute, the figure mainly reflected higher prices for transport, clothing and alcoholic beverages. In contrast, prices for communications, housing, electricity, gas and other fuels tallied the largest drop.

Inflation came in at 0.5% in May, which was below the 1.0% tallied in April. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) was 0.2% in May, which was down from April’s 0.8%. Annual average HICP inflation was flat in May (April: -0.1% year-on-year).

For 2016, the Central Bank expects HICP inflation to average 0.5%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to increase 0.7% in 2016, which is unchanged from last month’s estimate. In 2017, the panel sees inflation accelerating to 1.9%.

Author:, Economist

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Lithuania Inflation Chart

Lithuania Inflation May 2016

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.

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