Lithuania Inflation


Lithuania: Inflation edges up in May

June 10, 2013

In May, consumer prices rose 0.2% over the previous month, which was slightly below the 0.3% increase tallied in April. According to the statistical institute, the result mainly reflected higher prices for clothing and footwear as well as for food and non-alcoholic beverages.

As a result of the monthly price rise, annual headline inflation edged up from 1.2% in April to 1.4% in May. Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) inched down from 2.8% in March to 2.7% in April, the latest month for which data are available.

According to its macroeconomic forecasts from February, the Central Bank expects HICP inflation to average 2.4% in 2013 and 3.0% in 2014. FocusEconomics Consensus Forecast panellists expect harmonized inflation to average 2.7% this year, which is unchanged from last month's estimate. Next year, the panel sees inflation at 2.8%.


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Lithuania Inflation Chart

Lithuania Inflation May 2013

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

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