Lithuania Inflation August 2019

Lithuania

Lithuania: Inflation inches down in August

September 10, 2019

Consumer prices fell 0.4% month-on-month in August, following a milder 0.3% drop in July, and marking the strongest contraction so far this year.

A breakdown of the sub-components provided by Statistics Lithuania showed that 5 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for housing and utilities, which more than offset higher prices for alcoholic beverages and tobacco.

Meanwhile, inflation edged down from 2.7% in July to 2.6% in August, while harmonized inflation remained unchanged at July’s 2.5%. Lastly, annual average inflation inched up from July’s 2.3 to 2.4% in August.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.3% in 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 2.4%.


Author: Massimo Bassetti, Economist

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Lithuania Inflation August 2019

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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