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Lithuania Inflation March 2023

Lithuania: Harmonized inflation falls to over one-year low in March

Harmonized inflation fell to 15.2% in March below February’s 17.2%. March’s figure represented the weakest inflation rate since February 2022. The moderation was broad-based, with reduced price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities.

In addition, the trend pointed down slightly, with annual average harmonized inflation coming in at 19.5% in March (February: 19.6%). Meanwhile, consumer price inflation fell to 16.6% in March, from the previous month’s 18.7%.

Lastly, harmonized consumer prices increased 0.65% over the previous month in March, marginally below the 0.66% rise recorded in February.

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