Lithuania Inflation June 2016


Lithuania: Inflation ticks up in June

July 11, 2016

Consumer prices in June increased marginally by 0.1% over the previous month. The result came in above May’s flat reading. According to the Statistical Institute, the figure mainly reflected higher prices for transport, healthcare, and recreation and culture. In contrast, prices for food products and non-alcoholic beverages, as well for clothing and footwear, dropped the most.

Inflation came in at 0.7% in June, which was above the 0.5% tallied in May. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) was 0.4% in June, which was up from May’s 0.2%. Annual average HICP inflation was flat in June, the same as in May.

For 2016, the Central Bank expects HICP inflation to average 0.5%. FocusEconomics Consensus Forecast panelists expect harmonized inflation to increase 0.8% in 2016, which is up 0.1 percentage points from last month’s estimate. In 2017, the panel sees inflation accelerating to 1.7%.

Author:, Economist

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Lithuania Inflation Chart

Lithuania Inflation June 2016 0

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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