Producer prices in Lithuania fell 0.8 percent year-on-year in June 2019, reversing from a downwardly revised 2.6 percent rise in the previous month. This was the first decline in producer prices since September 2016, as cost fell for both manufacturing (-0.8 percent vs 2.8 percent in May) and electricity, gas, steam and air conditioning supply (-1.8 percent vs 0.1 percent) while those of water supply, sewerage, waste management and remediation activities dropped faster (-6.1 percent vs -5.7 percent). In addition, cost of mining and quarrying went up softer (1.0 percent vs 2.2 percent). On a monthly basis, producer prices decreased 2.8 percent, following a downwardly revised 0.8 percent rise in May. Producer Prices Change in Lithuania averaged 3.34 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 0.50 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 2.30 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.