Lithuania Inflation August 2020

Lithuania

Lithuania: Inflation hits five-month high in August

September 8, 2020

Consumer prices ticked down 0.19% in August over the last month, falling at a softer pace than July’s 0.28% drop. The decrease was primarily driven by falling prices for clothing and footwear. In addition, price pressures for furniture, as well as miscellaneous goods and services also declined.

Inflation edged up 1.3% in August following July’s 1.0% increase, marking the highest reading since March. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.7% in August (July: 1.8%). Lastly, harmonized inflation rose to 1.2% (July: 0.9%).

FocusEconomics panelists project harmonized inflation to average 1.1% in 2020, which is up 0.1 percentage points from last month’s estimate, and 2.1% in 2021.


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Lithuania Inflation August 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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