Lithuania Inflation July 2021

Lithuania

Lithuania: Inflation rises to highest level in nearly four years in July

August 10, 2021

Consumer prices increased 0.71% in July over the previous month, up from June’s 0.55% rise. July’s higher reading was mainly due to rebounding prices for food and beverages, as well as faster price growth for transport.

Inflation came in at 4.7% in July, up from June’s 3.6% reading and logging the highest inflation rate since September 2017. Accordingly, annual average inflation came in at 1.7% in July (June: 1.4%). Lastly, harmonized inflation rose to 4.3%, following the previous months 3.5% reading.

FocusEconomics panelists project harmonized inflation to average 2.3% in 2021, which is up 0.1 percentage points from last month’s estimate, and 2.4% in 2022.


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Lithuania Inflation July 2021

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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