Lithuania Inflation

Lithuania

Lithuania: Consumer prices pick back up in June

July 8, 2014

In June, consumer prices were flat over the previous month, which was up from the 0.1% fall registered in May. According to the statistical institute, much lower prices for clothing and footwear and lower prices for housing and utilities were offset by higher prices for recreation and culture as well as for healthcare.

Consumer prices swung from a 0.1% decrease in May to a 0.2% increase in June. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 0.3% in April to 0.1% in May, the latest month for which data are available. Annual average HICP inflation edged down from 0.6% in April to 0.5% in May, marking the lowest level since October 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 June 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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