Lithuania Inflation June 2022

Lithuania

Lithuania: Inflation rises in June

July 8, 2022

Consumer prices increased 2.32% over the previous month in June, broadly stable from May's 2.34% rise. The slightly softer rise was primarily driven by a softer rise in prices for food and non-alcoholic beverages. Moreover, prices for alcoholic beverages and tobacco grew at a more subdued pace.



Inflation increased to 21.0% in June from May’s 18.9%. June's result represented the highest inflation rate since September 1996. Annual average inflation rose to 12.0% in June (May: 10.5%). Finally, harmonized inflation rose to 20.5% in June, from May’s 18.5%.

FocusEconomics panelists see harmonized inflation averaging 14.7% in 2022, which is up 1.6 percentage points from last month’s forecast, and 5.1% in 2023.


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Lithuania Inflation June 2022

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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