Lithuania Inflation April 2016

Lithuania

Lithuania: Inflation eases in April

May 11, 2016

Consumer prices rose 0.5% over the previous month in April, which followed the 1.0% increase seen in March. According to the statistical institute, the figure mainly reflected rising prices for food products, clothing and for alcoholic and non-alcoholic beverages. In contrast, prices for housing, electricity, gas and other fuels tallied the largest drop.

In annual terms, inflation was 1.0% in April, which was below March’s 1.2%. Meanwhile, harmonized consumer prices (based on the Harmonized Index of Consumer Prices) rose 0.8% in April, mirroring the figure observed in March. Annual average HICP prices fell 0.1% in April (March: -0.2% year-on-year).

For 2016, the Central Bank expects HICP inflation to average 0.5%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to increase 0.7% in 2016, which is down 0.1 percentage points from last month’s estimate. In 2017, the panel sees inflation accelerating to 2.0%.


Author:, Economist

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Lithuania Inflation April 2016

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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