Lithuania's annual inflation inched up to 0.3 percent in January of 2021 from 0.2 percent in December 2020, mainly due to a faster rise in prices of recreation & culture (1.1 percent vs 0.4 percent), alcoholic beverages & tobacco (3.3 percent vs 3.0 percent), and miscellaneous goods & services (2.0 percent vs 1.1 percent). By contrast, prices fell for food & non-alcoholic beverages (-0.2 percent vs 0.2 percent in December), housing & utilities (-3.8 percent vs -2.7 percent), transport (-3.8 percent vs -3.8 percent) and clothing & footwear (-1.1 percent vs -4.8 percent). On a monthly basis, consumer prices were up 0.5 percent in January, after a flat reading in December. source: Statistics Lithuania
Inflation Rate in Lithuania averaged 16.30 percent from 1993 until 2021, reaching an all time high of 707.40 percent in June of 1993 and a record low of -2 percent in January of 2003. This page provides - Lithuania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in Lithuania is expected to be 1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Lithuania to stand at 1.70 in 12 months time. In the long-term, the Lithuania Inflation Rate is projected to trend around 1.70 percent in 2022 and 2.20 percent in 2023, according to our econometric models.