Lithuania Inflation July 2018

Lithuania

Lithuania: Inflation ticks down in July

August 8, 2018

Consumer prices fell 0.5% from the previous month in July, following a flat reading in June. According to the Statistical Institute, the decrease was largely driven by lower prices for clothing and footwear, and food products and non-alcoholic beverages, which more than offset higher prices for transport.

Inflation ticked down to 2.5% in July, from June’s 2.6%. Meanwhile, harmonized inflation moderated to 2.3% in July from 2.6% in June. In turn, annual average harmonized inflation edged down from 3.5% in June to 3.4% in July, the lowest reading since October 2017.

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 2.7%.


Author:, Economist

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Lithuania Inflation July 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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