Lithuania's annual inflation rate increased to 3.0 percent in January 2020, the highest since February 2018, boosted mainly by prices of food & non-alcoholic beverages (4.3 percent vs 3.5 percent in December) and transport (5.9 percent vs 3.1 percent). Meanwhile, prices went up at a softer pace for alcoholic beverages & tobacco (2.7 percent vs 3.3 percent), clothing & footwear (0.2 percent vs 1.2 percent), recreation & culture (2.7 percent vs 3.5 percent), and miscellaneous goods & services (2.4 percent vs 2.8 percent). Housing & utilities prices continued to fall (-2.6 percent vs -2.3 percent). On a monthly basis, consumer prices increased 0.4 percent in January, after a 0.3 percent gain in December.
Inflation Rate in Lithuania averaged 16.87 percent from 1993 until 2020, 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. 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 2021, according to our econometric models.