Lithuania Inflation

Lithuania

Lithuania: Annual inflation inches down in August

September 8, 2014

In August, consumer prices fell 0.1% over the previous month, which was up from the 0.5% decline registered in July. According to the statistical institute, the decline was driven by lower prices for food and non-alcoholic beverages. Prices increased in most other categories, including alcoholic beverages and tobacco, as well as household furnishings and equipment.

Annual inflation inched down from 0.3% in July to 0.2% in August, which marked the highest level since December of last year. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) rose from 0.3% in June to 0.5% in July, the latest month for which data are available. Annual average HICP inflation held at June’s 0.4% in July, marking the lowest level since September 2004.

The Central Bank expects HICP inflation to average 0.9% in 2014 and 1.5% in 2015. FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.9% in 2014, which is down 0.2 percentage points from last month’s estimate. Next year, the panel sees inflation at 1.9%.


Author:, Economist

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Lithuania Inflation Chart


Lithuania Inflation August 2014

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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