Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Lithuania
Harmonized consumer price inflation averaged 3.4% in the ten years to 2022, above the Euro Area average of 1.8%. The 2022 average figure was 18.9%. 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 2023.
Source: Macrobond.
Lithuania Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.2 | 1.1 | 4.6 | 18.9 | 8.7 |
| Inflation (CPI, ann. var. %, eop) | 2.7 | 0.2 | 10.6 | 21.7 | 1.2 |
| Inflation (HICP, ann. var. %, eop) | 2.7 | -0.1 | 10.7 | 20.0 | 1.6 |
| Inflation (PPI, ann. var. %, aop) | -0.1 | -8.9 | 9.5 | 25.9 | -2.2 |
Harmonized inflation increases in June
Harmonized inflation rose to 1.0% in June, which was up from May’s 0.9%. Looking at the details of the release, prices for food and non-alcoholic beverages decreased at a weaker pace in June, and price rises for recreation and hospitality strengthened. However, prices for transportation grew at a more moderate rate. The trend pointed down, with annual average harmonized inflation falling to 2.4% in June (May: 3.0%). Meanwhile, consumer price inflation grew to 0.7% in June from May’s 0.5%. Lastly, harmonized consumer prices rose 0.05% from the previous month in June, slowing down from May's 0.30% increase. June's result marked the weakest reading since March.
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 14 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.
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