Lithuania's annual producer inflation rose to 3.9 percent in April 2019 from an upwardly revised 3.8 percent in the previous month. It was the highest producer inflation rate since November last year, as cost of manufacturing increased faster (4.3 percent vs 3.8 percent in March). Meanwhile, cost of mining and quarrying went up softer (1.0 percent vs 3.1 percent). In addition, cost of water supply, sewerage, waste management and remediation activities fell less (-4.5 percent vs -4.6 percent). On the other hand, cost of electricity, gas, steam and air conditioning supply declined (-1.1 percent vs 4.3 percent). On a monthly basis, producer prices increased 2.0 percent, following an upwardly revised 0.8 percent rise in March. Producer Prices Change in Lithuania averaged 3.36 percent from 1998 until 2019, reaching an all time high of 26.20 percent in July of 2008 and a record low of -19.50 percent in September of 2009.
Producer Prices Change in Lithuania is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Lithuania to stand at 2.50 in 12 months time. In the long-term, the Lithuania Producer Prices Change is projected to trend around 3.30 percent in 2020, according to our econometric models.