Lithuania Inflation March 2018


Lithuania: Inflation dips in March

April 11, 2018

Consumer prices rose 0.4% in March compared to the previous month, reversing February’s 0.2% month-on-month decline. According to the Statistical Institute, the print came on the back of higher prices for clothing and footwear, and alcoholic beverages and tobacco products, which more than offset lower prices for food and non-alcoholic beverages, and transport.

Inflation plummeted to 2.7% in March, significantly below February’s 3.5% reading, and the lowest print in 14 months. Meanwhile, harmonized inflation declined for the fourth consecutive month in March, coming in at 2.5% (February: 3.2%), also the lowest reading in 14 months.

In turn, annual average harmonized inflation ticked down from February’s 3.8% to 3.7% in March, the first decrease since November 2015.

Lithuania Inflation Forecast

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

Author:, Research Team Manager

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Lithuania Inflation Chart

Lithuania Inflation March 2018

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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