Lithuania Inflation August 2021


Lithuania: Inflation hits over 12-year high in August

September 22, 2021

Consumer prices rose 0.40% in August over the previous month, a smaller increase than July's 0.71% rise. August's result marked the softest rise in prices since February. The reading was driven by moderating price pressures for transportation and housing and utilities. In addition, prices for alcoholic beverages and tobacco flatlined.

Inflation came in at 5.3% in August, which was up from July’s 4.7%. August's result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.0% in August (July: 1.7%). Lastly, harmonized inflation rose to 5.0% in August, from the previous month's 4.3%.

FocusEconomics panelists see harmonized inflation averaging 2.7% in 2021, is up 0.4 percentage points from the previous month’s forecast, and also 2.7% in 2022 which is up 0.3 percentage points from last month’s forecast.


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Lithuania Inflation Chart

Latvia Inflation August 2021

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

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