Lithuania Inflation April 2022

Lithuania

Lithuania: Inflation comes in at highest level in 26 years

May 9, 2022

Consumer prices rose 1.90% in April over the previous month, moderating from the 2.35% rise recorded in March. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a quicker pace in April. In contrast, prices for transportation grew at a more moderate rate.



Inflation increased to 16.8% in April, above March’s 15.7%. April's figure was the highest inflation rate since October 1996. Meanwhile, the trend pointed up, with annual average inflation coming in at 9.2% in April (March: 8.0%). Finally, harmonized inflation rose to 16.6% in April, from March’s 15.6%.

FocusEconomics panelists see harmonized inflation averaging 11.4% in 2022, which is up 2.5 percentage points from last month’s forecast, and 3.6% in 2023.


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Latvia Inflation April 2022

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Central Statistics Bureau and FocusEconomics Consensus Forecast.


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