Lithuania Inflation June 2020

Lithuania

Lithuania: Inflation rises in June

July 10, 2020

Consumer prices rose 0.51% from the last month in June, contrasting the 0.48% drop logged in May. June's result was the sharpest increase in prices since September 2019. Looking at the details of the release, housing and utilities prices fell at a more moderate pace in June compared to the previous month, while prices pressures for transportation picked up pace.

Inflation increased to 1.0% in June, above May’s 0.3%. Annual average inflation fell to 2.0% in June (May: 2.1%). Lastly, harmonized inflation rose to 0.9% from May’s 0.2%.

FocusEconomics panelists project harmonized inflation to average 1.0% in 2020, which is unchanged from last month’s estimate, and 1.9% in 2021.


Author:, Economist

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Lithuania Inflation Chart


Lithuania Inflation June 20 20

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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