Lithuania Inflation April 2019

Lithuania

Lithuania: Inflation rises to six-month high in April

May 10, 2019

Consumer prices rose 0.8% from the previous month in April, broadly unchanged from a March’s 0.9% increase. The reading largely reflected higher prices for clothing and footwear, transport, and food and non-alcoholic beverages, which more than offset lower prices for housing, water, electricity, gas and other fuels.

Meanwhile, inflation edged up from 2.6% in March to 2.8% in April, marking the third consecutive month of intensifying price pressures as well as the highest reading since October 2018. In addition, annual average inflation remained stable at 2.4%, where it has been since February.

Lastly, harmonized inflation ticked up from 2.6% in March to a six-month high of 2.7% in April.

FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.3% in 2019, which is down 0.2 percentage points from last month’s estimate. In 2020, the panel sees inflation at 2.4%.


Author:, Economist

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Lithuania Inflation April 2019

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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