Lithuania Inflation May 2019

Lithuania

Lithuania: Inflation ticks down in May

June 11, 2019

Consumer prices rose 0.2% from the previous month in May, decelerating from April’s 0.8% increase. A breakdown of the sub-components provided by Statistics Lithuania showed that 6 of the total 12 saw a rise in prices, led by clothing and footwear, and transport, which more than offset lower prices for miscellaneous goods and services, as well as for housing, water, electricity, gas and other fuels.

Meanwhile, inflation ticked down to 2.7% in May, from 2.8% in April. In a similar fashion, harmonized inflation moderated from 2.7% in April to 2.5% in May. Lastly, annual average inflation remained stable at 2.4%, where it has been since February.

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


Author:, Economist

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Lithuania Inflation May 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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