Lithuania Inflation

Lithuania

Lithuania: Consumer prices drop at May's rate in June

July 10, 2015

In June, consumer prices dropped 0.1% over the previous month, which contrasted the 0.5% increase seen in the previous month. According to the statistical institute, the result was mainly driven by lower prices for clothing and footwear.

In annual terms, consumer prices fell 0.5% in June, which matched May’s decrease. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 0.2% year-on-year in June, coming in slightly below May’s 0.1% decline. Annual average HICP prices fell 0.3% in June, mirroring the previous month’s drop and thus remaining at the lowest level since July 2004.

The Central Bank expects harmonized consumer prices to fall 0.3% on average in 2015. For 2016, the Central Bank expects HICP inflation of 1.6%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 0.1% in 2015, which is down 0.1 percentage points from last month’s estimate. In 2016, the panel sees inflation at 1.4%.


Author: Teresa Kersting, Economist

Sample Report

Looking for forecasts related to Inflation in Lithuania? Download a sample report now.

Download

Lithuania Inflation Chart


Lithuania Inflation June 2015 0

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


Lithuania Economic News

More news

Search form