Annual inflation rate in Lithuania increased to 2.1% in February of 2019 from 1.7% in the previous month. It was the highest inflation rate since November of 2018, as cost rose faster for recreation & culture (1.2% from 1.1% in January); health (5.2% from 5.1%); miscellaneous goods & services (3.8% from 2.5%) and furniture & household equipment (2.2% from 1.6%). In addition, prices rebounded for food & non-alcoholic beverages (0.8% from -0.3%) and communication (0.3% from -0.7%). Meanwhile, prices went up at a softer pace for housing & utilities (5.6% from 5.8%); alcoholic beverages & tobacco (2.4% from 2.6%) and restaurant & hotels (6.1% from 6.4%) while prices continued to fall for transport (-0.1%, the same as in January) and clothing & footwear (-2.9% from -2.2%). On a monthly basis, consumer prices edged up 0.1%, after a 0.2% gain in January. Inflation Rate in Lithuania averaged 17.38 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 1.80 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 2.50 in 12 months time. In the long-term, the Lithuania Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.