Inflation in Lithuania
Lithuania - Inflation
Inflation hits over 12-year high in August
Consumer prices rose 0.40% in August over the previous month, a smaller increase than July's 0.71% rise. August's result marked the softest rise in prices since February. The reading was driven by moderating price pressures for transportation and housing and utilities. In addition, prices for alcoholic beverages and tobacco flatlined.
Inflation came in at 5.3% in August, which was up from July’s 4.7%. August's result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.0% in August (July: 1.7%). Lastly, harmonized inflation rose to 5.0% in August, from the previous month's 4.3%.
FocusEconomics panelists see harmonized inflation averaging 2.7% in 2021, is up 0.4 percentage points from the previous month’s forecast, and also 2.7% in 2022 which is up 0.3 percentage points from last month’s forecast.
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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September 23, 2021
Industrial output increased 18.1% year-on-year in August (July: +13.5% yoy).
September 22, 2021
Consumer prices rose 0.40% in August over the previous month, a smaller increase than July's 0.71% rise.
August 31, 2021
According to a second estimate released on 31 August, GDP rose 7.8% year-on-year in the second quarter of 2021, quickening from the 1.5% increase tallied in Q1 2021.
August 21, 2021
Industrial output increased 13.0% in year-on-year terms in July, moderating from June's 21.2% increase.
August 10, 2021
Consumer prices increased 0.71% in July over the previous month, up from June’s 0.55% rise.