Annual inflation rate in Lithuania increased to 2.7 percent in December 2019 from 1.7 percent in the previous month. This was the highest inflation since July, as prices rose faster for: hotels, cafes, restaurant (6.0% vs 5.8% in November); miscellaneous goods & services (2.8% vs 1.9%); recreation & culture (3.5% vs 2.2%); furnishing & household equipment (2.4% vs 1.4%), and alcoholic beverages & tobacco (3.3% vs 2.6%), while both transport (3.1% vs -1.5%) and clothing & footwear prices (1.2 % vs -0.1%) rebounded. In addition, prices fell less for both housing & utilities (-2.3% vs -2.7) and communication (-0.7% vs -0.8%). Meanwhile, food & non-alcoholic beverages prices went up softer (3.5% vs 4.1%). On a monthly basis, consumer prices went up 0.3 percent in December, after a flat reading in November. Inflation Rate in Lithuania averaged 16.92 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. source: Statistics Lithuania
Inflation Rate in Lithuania is expected to be 2.30 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 2.20 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.