Producer Prices in Lithuania
Lithuania - Producer Prices
Inflation edges up in July
Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year.
A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.
Meanwhile, inflation edged up from 2.5% in June to 2.7% in July. In a similar fashion, harmonized inflation ticked up to 2.5% in July from 2.4% in June. Lastly, annual average inflation remained stable at 2.4%, where it has been since February.
FocusEconomics Consensus Forecast panelists expect harmonized inflation to average 2.3% in 2019, which is unchanged from last month’s estimate. In 2020, the panel sees inflation at 2.4%.
Lithuania - Producer Prices Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -2.3 | -5.0 | -9.6 | -4.4 | 5.1 |
Lithuania Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 0.55 | 0.0 % | Jul 31 |
| Stock Market | 695 | 0.45 % | Jul 31 |
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Economic News
Lithuania: Inflation edges up in July
August 9, 2019
Consumer prices fell 0.3% month-on-month in July, following a milder 0.2% drop in June, and marking the strongest contraction so far this year. A breakdown of the sub-components provided by Statistics Lithuania showed that just 2 of the total 12 sub-components saw a fall in prices, led by considerably lower prices for clothing and footwear, which more than offset higher prices for recreation and culture; hotels, cafés and restaurants; and food.
Lithuania: Growth remains upbeat in Q2
July 30, 2019
Robust growth carried over into the second quarter of the year, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 July.
Lithuania: Industrial output records first contraction in nine months in June
July 23, 2019
Industrial output fell 1.0% in annual terms in June, contrasting May’s moderate 1.1% year-on-year increase.
Lithuania: Inflation edges down in June
July 9, 2019
Consumer prices fell 0.2% in June, contrasting May’s 0.2 increase and marking the first contraction since December 2018.
Lithuania: Industrial output growth slows to year-to-date low In May
June 24, 2019
Industrial output ticked up 1.1% in May, decelerating sharply from April’s robust 16.5% year-on-year surge.
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