Lithuania Inflation August 2018

Lithuania

Lithuania: Inflation drops to a 20-month low in August

September 11, 2018

Consumer prices fell 0.4% from the previous month in August, marking the second consecutive monthly decline (July: -0.5% month-on-month). According to the Statistical Institute, the contraction was chiefly driven by lower prices for food products and non-alcoholic beverages, with prices for transport, and clothing and footwear also down from the previous month.

Inflation fell from 2.5% in July to 2.1% in August, marking a 20-month low. Meanwhile, harmonized inflation dropped to a 21-month low of 1.8% in the same month, from 2.3% in July. In turn, annual average harmonized inflation edged down from 3.4% in July to 3.1% in August.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 2.9% in 2018, which is down 0.1 percentage points from last month’s estimate. In 2019, the panel sees inflation slowing to 2.7%.


Author:, Economist

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Lithuania Inflation August 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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