Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March...
Inflation in Lithuania
In the year 2024, the inflation in Lithuania was 0.85%, compared to 0.24% in 2014 and 8.69% in 2023. It averaged 3.89% over the last decade. For more inflation information, visit our dedicated page.
Lithuania Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Lithuania from 2014 to 2024.
Source: Macrobond.
Lithuania Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 1.1 | 4.6 | 18.9 | 8.7 | 0.9 |
| Inflation (CPI, ann. var. %, eop) | 0.2 | 10.6 | 21.7 | 1.2 | 2.1 |
| Inflation (HICP, ann. var. %, eop) | -0.1 | 10.7 | 20.0 | 1.6 | 1.9 |
| Inflation (PPI, ann. var. %, aop) | -8.9 | 9.5 | 25.9 | -2.2 | -2.4 |
Harmonized inflation rises in November
Latest reading: Harmonized inflation jumped to 1.1% in November, up from October’s 0.1%. The pick-up was broad-based, with greater price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. The trend pointed down slightly, with annual average harmonized inflation coming in at 0.8% in November (October: 0.9%). Meanwhile, consumer price inflation rose to 1.3% in November from the previous month's 0.3%. Finally, harmonized consumer prices increased 0.56% in November over the previous month, accelerating from October's 0.06% increase. November's figure marked the highest reading since February.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian inflation projections for the next ten years from a panel of 12 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Lithuanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian inflation projections.
Want to get access to the full dataset of Lithuanian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Taiwan: Inflation declines to lowest level since March 2021 in May -
Switzerland: Consumer prices record first annual decline since March 2021 in May Latest reading: Consumer prices fell 0.1% year-on-year in May, swinging from April’s flat reading. May’s result represented the first such... -
Chile: Inflation falls to lowest level since November 2024 in May Latest reading: Inflation came in at 4.4% in May, down from April’s 4.5%. May’s result represented the lowest inflation rate... -
Costa Rica: Consumer prices fall for the first time since November 2024 in May Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked... -
Egypt: Inflation accelerates again in May Latest reading: Inflation accelerated for the third consecutive month in May, hitting a four-month high of 16.9% from April’s 13.9%.... -
Turkey: Inflation declines to lowest level since November 2021 in May Latest reading: Inflation came in at 35.4% in May, which was down from April’s 37.9%. May’s figure marked the lowest... -
Euro Area: Harmonized inflation drops to lowest level since September 2024 in May Latest reading: Harmonized inflation fell to 1.9% in May, slightly below April’s 2.2% and the ECB’s 2.0% target. May’s result...