Lithuania Inflation May 2018

Lithuania

Lithuania: Inflation rises markedly in May

June 12, 2018

Consumer prices rose 0.4% in May compared to the previous month, moderating from April’s 0.6% month-on-month increase. According to the Statistical Institute, the result was led by higher prices for transport, and clothing and footwear, which more than outweighed lower prices for food products and non-alcoholic beverages; and housing, water, electricity, gas and other fuels.

Inflation reversed three consecutive months of decline and rose markedly in May to 2.9%, up from 2.3% in April. Meanwhile, harmonized inflation also jumped in May, coming in at 2.9% (April: 2.2%). Lastly, annual average harmonized inflation remained stable at 3.6% in May.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to reach 2.9% in 2018, which is down 0.1 percentage points from last month’s estimate. In 2019, the panel sees inflation slowing to 2.6%.


Author:, Economist

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Lithuania Inflation May 2018

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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