Latest reading: Inflation came in at 3.3% in June, down from May’s 3.5%. June’s result represented the weakest inflation rate...
Inflation in Lithuania
Harmonized consumer price inflation averaged 3.9% in the ten years to 2024. The 2024 average figure was 0.9%. 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 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 dips in May
Latest reading: Harmonized inflation came in at 3.0% in May, down from April’s 3.6%. May's figure represented the weakest inflation rate since December 2024. The decline was broad-based, with lower price pressures recorded for food and non-alcoholic beverages, transportation, and housing and utilities. Annual average harmonized inflation rose to 1.9% in May (April: 1.8%). Meanwhile, consumer price inflation fell to 3.4% in May from the previous month's 4.1%. Finally, harmonized consumer prices dropped 0.28% in May over the previous month, swinging from the 0.21% rise logged in April. May's result marked the weakest reading since August 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 13 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.
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