Inflation in Lithuania
Lithuania - Inflation
Inflation drops to lowest level since December 2015 in May
Consumer prices dropped 0.48% over the last month in May, contrasting April's 0.08% rise. May's result marked the sharpest fall in prices since December 2018. The figure was largely due to falling prices for food and non-alcoholic beverages. In addition, downward price pressures for transportation intensified while prices alcoholic beverages and tobacco grew at a more subdued pace.
Inflation came in at 0.3% in May, below April’s 1.0% reading. May's result marked the lowest inflation rate since December 2015. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.1% in May (April: 2.3%). Lastly, harmonized inflation fell to 0.2% from April’s 0.9%.
FocusEconomics panelists project harmonized inflation to average 1.0% in 2020, down 0.4 percentage points from last month’s estimate. In 2021, the panel sees inflation at 2.0%.
Lithuania - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.9||0.9||3.7||2.7||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Inflation Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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June 23, 2020
Industrial output plunged 10.0% in May compared to the same month a year earlier, following April's 11.7% decrease which had marked the sharpest contraction since March 2014. The moderation was largely due to an improvement in manufacturing and electricity, gas, steam and air conditioning output.
June 5, 2020
Consumer prices dropped 0.48% over the last month in May, contrasting April's 0.08% rise.
June 1, 2020
Annual growth slumped to 2.4% in the first quarter, according to detailed national accounts data released by Statistics Lithuania on 1 June.
May 22, 2020
Industrial production dived 10.9% year-on-year in April, worsening from the previous month’s 1.1% drop and marking the sharpest contraction since March 2014. The downturn chiefly reflected sliding output in the all-important manufacturing sector.
April 30, 2020
GDP rose 2.6% in year-on-year terms in Q1 2020, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 April.