Lithuania Inflation February 2019

Lithuania

Lithuania: Inflation rise in February

March 13, 2019

Consumer prices increased 0.1% from the previous month in February, down slightly from the 0.1% month-on-month increase in January. According to the Statistical Institute, the reading largely reflected higher prices for food and non-alcoholic beverages, as well as for recreation and culture which more than offset lower prices for clothing and footwear, and transport.

Meanwhile, inflation rose to 2.1% in February, from an over two-year low of 1.7% in January. Nevertheless, annual average inflation moderated from 2.5% in January to 2.4% in February, marking a 19-month low. Lastly, harmonized inflation increased from 1.6% in January to 2.0% in February.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.5% in 2019, unchanged from last month’s estimate. In 2020, the panel sees inflation slowing to 2.4%.


Author:, Economist

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Lithuania Inflation February 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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