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.

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Lithuania Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 1.70 707.40 -2.00 1993 - 2019 percent Monthly
2010=100



Calendar GMT Actual Previous Consensus TEForecast
2019-10-08 06:00 AM Sep 2.2% 2.6% 2.3%
2019-11-11 07:00 AM Oct 1.6% 2.2% 2%
2019-12-09 07:00 AM Nov 1.7% 1.6% 1.6%
2020-01-09 07:00 AM Dec 2.7% 1.7% 1.9%
2020-02-14 07:00 AM Jan 2.7% 2.1%


News Stream
2019-12-09
Lithuania Inflation Rate Edges Up to 1.7% in November
Annual inflation rate in Lithuania inched higher to 1.7 percent in November 2019 from 1.6 percent in the previous month. Food & non-alcoholic beverages inflation rose to 4.1 percent, the highest in three months, from 3.6 percent in October. In addition, prices fell softer for both transport (-1.5% vs -3.2% in October) and communication (-0.8% vs -1%). Meantime, prices advanced softer for: alcoholic beverages & tobacco (2.6% vs 3%); hotels, cafes, restaurant (5.8% vs 6.4%); miscellaneous goods & services (1.9% vs 2.5%), and recreation & culture went up faster (2.2% vs 2.8%). On the other hand, furnishing & household equipment inflation was steady (at 1.4%). Conversely, cost of clothing & footwear edged down (-0.1 % vs 0.2%), while those of housing & utilities declined further (-2.7% vs -2.2). On a monthly basis, consumer prices were unchanged in November, after a 0.1 percent gain in October.

2019-11-11
Lithuania Inflation Rate at 3-Year Low in October
Annual inflation rate in Lithuania fell to 1.6 percent in October 2019, the lowest since November 2016, from 2.2 percent in the previous month. Food & non-alcoholic beverages inflation edged down to 3.6 percent, the lowest in four months, from 3.7 percent in September Also, prices advanced at a slower rate for alcoholic beverages & tobacco (3% vs 3.3% in September); furnishing & household equipment (1.4% vs 2.5%); hotels, cafes, restaurant (6.4% vs 6.5%); and miscellaneous goods & services (2.5% vs 2.6%). In addition, cost fell further for housing & utilities (-2.2% vs -0.9%), transport (-3.2% vs -0.6%), and communication (-1% vs -1.9%). Conversely, prices of recreation & culture went up faster (2.8% vs 2.7%), while those of clothing & footwear rebounded (0.2 % vs flat reading). On a monthly basis, consumer prices rose 0.1 percent in October, after a 0.9 percent in September.

2019-10-08
Lithuania Inflation Rate at 7-Month Low of 2.2%
Annual inflation rate in Lithuania decreased to 2.2 percent in September 2019 from 2.6 percent in the previous month. This was the lowest inflation rate since February, as food & non-alcoholic beverages prices rose 3.7 percent, the least since June, after a 5.1 gain in August. Also, prices increased softer for both recreation & culture (2.7% vs 3.5%) and alcoholic beverages & tobacco (3.3% vs 3.8%). In addition, prices fell for housing & utilities (-0.9% vs 0.9%); transport (-0.6% vs -0.2%) and communication (-1.9% vs -2.4%). Meanwhile, cost went up faster for miscellaneous goods & services (2.6% vs 2.3%); furnishing & household equipment (2.5% vs 1.8%); and hotels, cafes, restaurant 6.5% vs 6.1%). At the same time, inflation was steady for clothing & footwear (vs -1.6%). On a monthly basis, consumer prices rose 0.9%, rebounding from a 0.4% drop in August.

2019-09-09
Lithuania Inflation Rate Edges Down to 2.6%
Annual inflation rate in Lithuania decreased to 2.6 percent in August 2019 from 2.7 percent in the previous month. Prices slowed for housing & utilities (0.9% vs 3.4% in July), recreation & culture (3.5% vs 3.7%), and miscellaneous goods & services (2.3% vs 2.8%). In addition, cost fell for clothing & footwear (-1.6% vs -2%), transport (-0.2 % vs -1.2%), and communication (-2.4%, the same as in July). Meantime, inflation was steady for both furnishing & household equipment (at 1.8%); and hotels, cafes, restaurant (at 6.1%), while cost of alcoholic beverages & tobacco increased faster (3.8% vs 3.7%) and prices of food & non-alcoholic beverages rose by 5.1 percent, the most since October 2017, after a 4.6 gain in July. On a monthly basis, consumer prices fell 0.4% in August, after a 0.3% drop in July.

2019-08-08
Lithuania Inflation Rate Rises to 2.7% in July
Annual inflation rate in Lithuania rose to 2.7 percent in July 2019 from a four-month low of 2.5 percent in the previous month. Prices of food & non-alcoholic beverages rose 4.6 percent year-on-year in July, the highest since November 2017, after a 3.2 percent gain in June. Also, cost advanced faster for alcoholic beverages & tobacco (3.7% vs 3.3%); furnishing & household equipment (1.8% vs 1.6%); health (5% vs 4.8%); recreation & culture (3.7% vs 2.6%); restaurant & hotels (6.1% vs 5.8%); and miscellaneous goods & services (2.8% vs 2.2%). Meanwhile, inflation slowed for housing & utilities (3.4% vs 4%), while cost fell for clothing & footwear (-2% vs -1%), transport (-1.2 % vs 0.4%), and communication (-2.4% vs -2.8%). On a monthly basis, consumer prices fell 0.3% in July, after a 0.2% drop in June.

2019-07-08
Lithuania Inflation Rate Slows to 4-Month Low
Annual inflation rate in Lithuania fell to 2.5 percent in June 2019, the lowest since February, from 2.7 percent in the previous month. Prices rose at a softer pace for alcoholic beverages & tobacco (3.3% vs 4.6% in May); housing & utilities (4% vs 4.6%); transport (0.4 % vs 1.7%); and restaurant & hotels (5.8% vs 6%). In addition, cost continued to fall for both clothing & footwear (-1% vs -1.2%) and communication (-2.8% vs -1.7%). In contrast, inflation advanced further for food & non-alcoholic beverages (3.2% vs 2.9%); health (4.8% vs 4.4%), recreation & culture (2.6% vs 2%); furnishing & household equipment (1.6% vs 1.3%); and miscellaneous goods & services (2.2% vs 1.7%). On a monthly basis, consumer prices fell 0.2% in June, the first monthly drop in six months, after a 0.2% gain in May.


Lithuania Inflation Rate
In Lithuania, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 12.9 percent; Housing and Utilities for 11.9 percent; Alcoholic beverages and Tobacco for 9.2 percent; Clothing and Footwear for 8 percent and Recreation and Culture for 7.1 percent. Health; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Restaurants and Hotels; Communication and Education account for the remaining 27.9 percent of total weight.

Lithuania Prices Last Previous Highest Lowest Unit
Inflation Rate 2.70 1.70 707.40 -2.00 percent [+]
Inflation Rate Mom 0.30 0.00 53.99 -1.30 percent [+]
Consumer Price Index CPI 111.02 110.66 111.02 0.20 points [+]
Harmonised Consumer Prices 110.62 110.10 110.62 53.84 points [+]
Core Consumer Prices 110.70 109.98 110.70 61.45 points [+]
Core Inflation Rate 3.10 2.40 14.10 -2.90 percent [+]
GDP Deflator 112.20 127.36 127.36 66.79 points [+]
Producer Prices 105.70 104.60 121.70 55.50 points [+]
Export Prices 97.30 101.60 118.20 79.00 points [+]
Import Prices 95.90 99.80 115.40 86.00 points [+]
Producer Prices Change 1.60 -2.00 26.20 -19.50 percent [+]
Food Inflation 3.50 4.10 910.70 -7.30 percent [+]
Cpi Housing Utilities 103.89 102.98 109.54 0.51 points [+]
Cpi Transportation 108.06 106.33 113.33 2.70 points [+]