Lithuania Inflation July 2020

Lithuania

Lithuania: Inflation steady in July

August 11, 2020

Consumer prices dropped 0.28% in July over the last month, contrasting the 0.51% increase recorded in June. The decrease was primarily driven by plunging prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities also dropped at a sharper pace.

Inflation remained stable at 1.0% in July. Meanwhile, the trend pointed down slightly, with annual average inflation coming in at 1.8% in July (June: 2.0%). Lastly, harmonized inflation was stable coming in at June's 0.9% in July.

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


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Lithuania Inflation July 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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