Lithuania's annual inflation increased to 3.6 percent in May of 2021, the highest level since January 2018, from 2.5 percent in the previous month, due mainly to a faster rise in both transport prices (10.5 percent vs 7.2 percent in April) and housing & utilities (1.1 percent vs 0.6 percent), while those of food & non-alcoholic beverages rebounded (0.7 percent vs -0.1 percent). At the same time, prices advanced more for recreation & culture (4.4 percent vs 3.5 percent), miscellaneous goods & services (3.1 percent vs 2.6 percent), clothing & footwear (3.9 percent vs 0.5 percent) and alcoholic beverages & tobacco (1.5 percent vs 0.8 percent). On a monthly basis, consumer prices were up 0.6 percent in May, easing from a 0.9 percent rise in April. source: Statistics Lithuania
Inflation Rate in Lithuania averaged 16.13 percent from 1993 until 2021, reaching an all time high of 707.40 percent in June of 1993 and a record low of -2 percent in January of 2003. This page provides - Lithuania Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Lithuania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Lithuania is expected to be 3.00 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 2.00 in 12 months time. In the long-term, the Lithuania Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.20 percent in 2023, according to our econometric models.