Lithuania Inflation March 2016

Lithuania

Lithuania: Inflation rises hits nearly-three-year high in March

April 11, 2016

Consumer prices in March increased 1.0% over the previous month, which contrasted February’s 0.3% drop. According to the statistical institute, the monthly jump reflected rising prices for clothing, food products and both alcoholic and non-alcoholic beverages. In contrast, prices for housing, electricity, gas and other fuels tallied the largest drop.

Inflation came in at 1.2% in March, which was above February’s 0.9%. March’s print marked the highest reading since June 2013. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 0.8% in March, coming in above February’s 0.5%. Lastly, annual average HICP prices fell 0.2% in March (February: -0.3% year-on-year).

For 2016, the Central Bank expects HICP inflation to average 1.4%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to increase to 0.8% in 2016, which is down 0.3 percentage points from last month’s estimate. In 2017, the panel sees inflation accelerating to 1.9%.


Author:, Economist

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Lithuania Inflation March 2016

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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