Inflation in Lithuania
Lithuania - Harmonized Inflation
Inflation ticks up in January
Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December. The figure was largely driven by a rebound in prices for food and quicker price growth for housing.
Inflation rose to 0.3% in January from December´s 0.2%, which had marked the lowest reading since December 2015. Meanwhile, annual average inflation fell to 1.0% in January (December: 1.2%). Lastly, harmonized inflation came in at 0.2% in January, contrasting the 0.1% annual fall in harmonized prices.
FocusEconomics panelists project harmonized inflation to average 1.8% in 2021, which is unchanged from last month’s estimate, and 2.3% in 2022.
Lithuania - Harmonized Inflation Data
|Inflation Rate (HICP, annual variation in %)||-0.7||0.7||3.7||2.5||2.2|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Harmonized Inflation Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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February 23, 2021
Industrial output jumped 7.2% in year-on-year terms in January, picking up from December’s 3.6% rise and marking the strongest increase since September 2019.
February 12, 2021
Consumer prices rose 0.49% from the previous month in January, contrasting the 0.03% fall in December.
January 29, 2021
GDP fell 1.2% year-on-year in the fourth quarter of 2020, according to preliminary data released by Statistics Lithuania on 29 January.
January 25, 2021
Industrial output jumped 3.6% in year-on-year terms in December, picking up from November’s 0.6% uptick and marking the strongest increase since September 2019.
January 12, 2021
Consumer prices fell 0.03% from the previous month in December, a smaller drop than November's 0.14% drop.