In May, consumer prices rose 0.1% over the previous month (April: +0.6% month-on-month), which represents the lowest monthly gain seen in the last five months. According to the statistical institute, higher prices for clothing and footwear, as well as for recreation and culture, more than offset lower prices for food and transport. As a result, annual headline inflation dropped from 3.2% in April to 2.5% in May, its lowest level since September 2010. According to its May macroeconomic forecast, the Central Bank expects HICP inflation to average 2.9% this year and 2.7% in 2013.
Inflation drops to lowest level in almost two years
June 8, 2012
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Lithuania Inflation Chart
Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.
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.