Annual inflation rate in Lithuania increased to 2.8 percent in April 2019 from 2.6 percent in the prior month. It was the highest inflation rate since October last year, as main upward pressure came from most components: food & non-alcoholic beverages (2.2% vs 1.8% in March); alcoholic beverages & tobacco (3.4% vs 3.7%); housing & utilities (4.1% vs 5.4%); furnishing & household equipment (1% vs 1.1%); health (4.7% vs 5.7%); transport (4.1 % vs 1.9 %); recreation & culture (2.5% vs 2.3%); restaurant & hotels (6.1% vs 6.3%); and miscellaneous goods & services (3.6% vs 2.5%). In contrast, cost fell further for both clothing & footwear (-2% vs -1.8%) and communication (-0.9 pct vs -0.5 pct). On a monthly basis, consumer prices rose 0.8% in April, after a 0.9% gain in March. Inflation Rate in Lithuania averaged 17.29 percent from 1993 until 2019, reaching an all time high of 707.40 percent in June of 1993 and a record low of -2 percent in January of 2003.
Inflation Rate in Lithuania is expected to be 2.50 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 2.20 percent in 2020, according to our econometric models.