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. Inflation Rate in Lithuania averaged 17.20 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 2.40 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.