Lithuania Inflation June 2018

Lithuania

Lithuania: Inflation falls in June

July 12, 2018

Consumer prices remained stable in June on a monthly basis, following a 0.4% month-on-month increase in May. According to the Statistical Institute, higher prices for recreation and culture, transport, and alcoholic beverages and tobacco were offset by lower prices for food products and non-alcoholic beverages, as well as by prices for clothing and footwear.

Inflation fell to 2.6% in June, from May’s 2.9%, which was the first time inflation increased in four months. Meanwhile, harmonized inflation also moderated in June to 2.6% (May: 2.9%). In turn, annual average harmonized inflation ticked down from 3.6% in May to 3.5% in June.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 3.0% in 2018, which is up 0.1 percentage points from last month’s estimate. In 2019, the panel sees inflation slowing to 2.8%.


Author:, Economist

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Lithuania Inflation June 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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