Lithuania Inflation May 2020


Lithuania: Inflation drops to lowest level since December 2015 in May

June 5, 2020

Consumer prices dropped 0.48% over the last month in May, contrasting April's 0.08% rise. May's result marked the sharpest fall in prices since December 2018. The figure was largely due to falling prices for food and non-alcoholic beverages. In addition, downward price pressures for transportation intensified while prices alcoholic beverages and tobacco grew at a more subdued pace.

Inflation came in at 0.3% in May, below April’s 1.0% reading. May's result marked the lowest inflation rate since December 2015. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.1% in May (April: 2.3%). Lastly, harmonized inflation fell to 0.2% from April’s 0.9%.

FocusEconomics panelists project harmonized inflation to average 1.0% in 2020, down 0.4 percentage points from last month’s estimate. In 2021, the panel sees inflation at 2.0%.

Author:, Research Team Manager

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Lithuania Inflation Chart

Lithuania Inflation May 20 20 0

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

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