Lithuania Inflation May 2022

Lithuania

Lithuania: Inflation comes in at highest level since September 1996 in May

June 8, 2022

Consumer prices increased 2.34% from the previous month in May, picking up from the 1.90% increase seen in April. Looking at the details of the release, prices for housing and utilities, as well as transportation, rose at a quicker pace in May compared to the previous month..



Inflation rose to 18.9% in May, above April’s 16.8%. May's reading was the highest inflation rate since September 1996. Annual average inflation rose to 10.5% in May (April: 9.2%). Finally, harmonized inflation rose to 18.5% in May, from April’s 16.6%.

FocusEconomics panelists see harmonized inflation averaging 13.1% in 2022, which is up 1.7 percentage points from last month’s forecast, and 4.5% in 2023.


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Lithuania Inflation May 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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