Latest reading: Inflation dropped to 3.4% in May from April’s 3.5%, in line with market expectations and above the Bank...
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 decreases in April
Latest reading: Harmonized inflation came in at 3.6% in April, down from March’s 3.7%. The downtick was chiefly due to a decline in transport costs which outweighed stronger price growth for food and non-alcoholic beverages, housing and utilities, hospitality, and recreation. The trend pointed up, with annual average harmonized inflation coming in at 1.8% in April (March: 1.5%). Meanwhile, consumer price inflation was unchanged, coming in at March's 4.1% in April. Lastly, harmonized consumer prices rose 0.21% in April over the previous month, coming in below March's 0.41% increase. April's result marked the weakest reading since December 2024.
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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United Kingdom: Inflation slides in May -
France: Harmonized inflation declines to lowest level since December 2020 in May Latest reading: Harmonized inflation edged down to 0.6% in May from April’s 0.9%. May’s figure represented the weakest inflation rate... -
Panama: Consumer prices fall again in May Latest reading: Consumer prices fell 0.7% in annual terms in May, matching April’s result. Looking at the details of the... -
Angola: Inflation nears two-year low but remains among fastest in the region in May Latest reading: Inflation fell to 20.7% in May from April’s 22.3%, marking a near two-year low. Resumed Central Bank intervention... -
Argentina: Inflation falls to lowest level since March 2021 in May Latest reading: Inflation dropped to 43.5% in May, below April’s 47.3%. May’s result marked the lowest inflation rate since March... -
Serbia: Inflation drops to lowest level since July 2021 in May Latest reading: Inflation came in at 3.8% in May, down from April’s 4.0%. May’s reading represented the lowest inflation rate... -
India: Inflation falls to over five-year low in May Latest reading: Inflation came in at 2.8% in May, down from April’s 3.2%. May’s figure represented the weakest inflation rate...