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Lithuania Inflation

Lithuania Inflation

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: Statistics Lithuania.

Lithuania Inflation Data

2018 2019 2020 2021 2022
Inflation (HICP, ann. var. %, aop) 2.5 2.2 1.1 4.6 18.9
Inflation (CPI, ann. var. %, eop) 1.9 2.7 0.2 10.6 21.7
Inflation (HICP, ann. var. %, eop) 1.8 2.7 -0.1 10.7 20.0
Inflation (PPI, ann. var. %, aop) 5.6 -0.1 -8.9 9.5 25.9

Harmonized inflation drops to lowest level since March 2021 in December

Harmonized inflation eased to 1.6% in December, following November’s 2.3%. December's figure represented the lowest inflation rate since March 2021. Looking at the details of the release, housing and utilities prices fell at a quicker pace in December compared to the previous month, while price pressures for transportation rebounded. Moreover, prices for recreation grew at a more subdued pace. Annual average harmonized inflation fell to 8.7% in December (November: 10.2%). Meanwhile, consumer price inflation fell to 1.2% in December, from November’s 2.0%. Lastly, harmonized consumer prices fell 0.60% in December over the previous month, a sharper drop than November's 0.40% fall. December's result marked the weakest reading since July 2016.

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 11 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

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