Lithuania Inflation

Lithuania

Lithuania: Inflation drops to lowest level in almost two years

June 8, 2012

In May, consumer prices rose 0.1% over the previous month (April: +0.6% month-on-month), which represents the lowest monthly gain seen in the last five months. According to the statistical institute, higher prices for clothing and footwear, as well as for recreation and culture, more than offset lower prices for food and transport. As a result, annual headline inflation dropped from 3.2% in April to 2.5% in May, its lowest level since September 2010. According to its May macroeconomic forecast, the Central Bank expects HICP inflation to average 2.9% this year and 2.7% in 2013.


Author: Ricard Torné, Head of Economic Research

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Lithuania Inflation Chart


Lithuania Inflation May 2012

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Statistics Lithuania and FocusEconomics calculations.


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