Lithuania: Inflation dips to over two-year low in January
February 15, 2019
Consumer prices increased 0.2% from the previous month in January, compared to a 0.6% month-on-month drop in December. According to the Statistical Institute, the reading largely reflected higher prices for food and non-alcoholic beverages, as well as for housing, water, electricity, gas and other fuels which more than offset lower prices for clothing and footwear, and transport.
Inflation continued to moderate at the beginning of the year, coming in at an over two-year low of 1.7% in January, from 1.9% in December. In turn, annual average inflation eased from 2.7% in December to 2.5% in January, marking an 18-month low. In a similar fashion, harmonized inflation fell to 1.6% in the same month, from 1.8% in December.
Lithuania Inflation Forecast
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.5% in 2019, unchanged from last month’s estimate. In 2020, the panel sees inflation slowing to 2.4%.
Author: Almanas Stanapedis, Economist