Lithuania Inflation February 2018

Lithuania

Lithuania: Inflation dips in February

March 9, 2018

Consumer prices fell 0.2% in February from the previous month, contrasting January’s 0.3% increase. According to the Statistical Institute, the print came on the back of lower prices for clothing and footwear, and food and non-alcoholic beverages, which more than offset higher prices for recreation and culture, and housing water, electricity, gas and other fuels.

Inflation fell to 3.5% in February, notably down from December’s 4.0%, and the lowest reading since May, largely on the back of lower prices for consumer goods. Meanwhile, harmonized inflation moderated from January’s 3.6% to 3.2% in February, the lowest print in the last nine months. In turn, annual average harmonized inflation remained flat in February at 3.8%, following 18 consecutive months of increase observed since August 2016.

Lithuania Inflation Forecast


FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 3.0% in 2018, which is unchanged from last month’s estimate. In 2019, the panel sees inflation slowing to 2.7%.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Lithuania? Download a sample report now.

Download

Lithuania Inflation Chart


Lithuania Inflation February 2018

Note: Year-on-year variation and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


Lithuania Economic News

  • Lithuania: Inflation inches down in August

    September 10, 2019

    Consumer prices fell 0.4% month-on-month in August, following a milder 0.3% drop in July, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that 5 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for housing and utilities, which more than offset higher prices for alcoholic beverages and tobacco.

    Read more

  • Lithuania: Growth slows in Q2 but remains healthy

    August 30, 2019

    GDP increased 3.9% in year-on-year terms in the second quarter, according to detailed national accounts data released by Lithuania’s Statistical Institute on 30 August.

    Read more

  • Lithuania: Industrial output surges in July

    August 23, 2019

    Industrial production jumped 6.9% in July, recovering vigorously from June’s 1.0% year-on-year contraction.

    Read more

  • Lithuania: Inflation edges up in July

    August 9, 2019

    Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.

    Read more

  • Lithuania: Growth remains upbeat in Q2

    July 30, 2019

    Robust growth carried over into the second quarter of the year, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 July.

    Read more

More news

Search form