Lithuania Inflation March 2022


Lithuania: Inflation comes in at highest level since October 1996 in March

April 8, 2022

Consumer prices increased 2.35% over the previous month in March, accelerating from the 1.80% rise logged in February. March's uptick marked the highest reading since January 2009. Looking at the details of the release, the change in the prices for food and non-alcoholic beverages increased at a more moderate rate in March, while prices for transportation increased. Meanwhile, housing and utilities price growth moderated.

Inflation increased to 15.7% in March from February’s 14.2%. March's result marked the highest inflation rate since October 1996. Meanwhile, the trend pointed up, with annual average inflation coming in at 15.7% in March (February: 14.2%). Finally, harmonized inflation rose to 15.6% in March, from February’s 14.0%.

FocusEconomics panelists see harmonized inflation averaging 8.9% in 2022, which is up 3.5 percentage points from last month’s forecast, and 2.7% in 2023.


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Lithuania Inflation Chart

Latvia Inflation March 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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