In February, consumer prices rose 0.4% over the previous month (January: +0.3% month-on-month), which represented the largest monthly gain in five months. According to the statistical institute, the increase reflected higher prices for transport and housing, which more than offset a decrease in costs for clothing and footwear. Owing to the monthly rise, annual headline inflation stepped up from 3.4% in January to 3.7% in February. Moreover, annual HICP inflation (based on the harmonized index of consumer prices) also jumped from 3.4% in January to 3.7% in February. Despite the monthly increase, the trend was stable, with the annual average HICP inflation remaining unchanged at January's 4.2%. According to its February macroeconomic forecast, the Central Bank expects HICP inflation to average 2.1% this year and 2.4% in 2013.
Inflation rises in February
January 10, 2012
Looking for forecasts related to Inflation in Lithuania? Download a sample report now.
Lithuania Economic News
October 10, 2016
Consumer prices in Lithuania rose 0.6% in September from the previous month, which contrasted the 0.5% drop in August.
September 21, 2016
In August, Lithuania’s industrial production rose 1.6% over the same month last year.
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop.
August 30, 2016
GDP rose 1.9% in annual terms in Q2, according to detailed data released by the National Statistics Office on 30 August.
August 22, 2016
In July, Lithuania’s industrial production decreased 3.8% over the same month last year.