Lithuania Inflation April 2021

Lithuania

Lithuania: Inflation hits highest level in over a year in April

May 10, 2021

Consumer prices rose 0.93% on a monthly basis in April, losing steam from the 0.99% increase in March which had marked the sharpest rise in over two years. The April reading was mainly driven by slower price growth for housing, as well as a swing into contraction in the transport sector.

Inflation increased to 2.5% in April, climbing from March´s 1.6% rise and marking the sharpest increase in 14 months. Meanwhile, annual average inflation came in at 0.9% in April, rising slightly from the prior month’s 0.8% reading. Lastly, harmonized inflation came in at 2.4% in April, following the 1.6% annual rise in harmonized prices in March.

FocusEconomics panelists project harmonized inflation to average 1.8% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.3% in 2022.


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Lithuania Inflation April 2021

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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