Lithuania Inflation June 2017

Lithuania

Lithuania: Inflation accelerates in June

July 18, 2017

Consumer prices in Lithuania rose 0.3% in June from the previous month, contrasting the revised 0.1% drop observed in May (previously reported: -0.2% month-on-month). According to the Statistical Institute, the figure mostly reflected higher prices for heat energy, passenger transport by air, package holidays and games of chance, which more than offset lower prices for fuels and lubricants, vegetables, wine and clothing.

Inflation came in at 3.6% in June, above May’s 3.4%. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices, HICP) came in at an over five-year high of 3.5% in June, up from May’s 3.2%. Annual average HICP inflation rose from 1.7% in May to an almost four-year high of 2.0% in June.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 1.6% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel sees inflation accelerating to 2.2%.


Author: Massimo Bassetti, Economist

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Lithuania Inflation June 2017

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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