Lithuania's annual inflation rate decreased to 0.3 percent in May 2020 from 1.0 percent in the previous month. It was the lowest inflation rate since December 2015, as food & non-alcoholic beverages inflation eased to a 13-month low of 2.8 percent (vs 3.4 percent in April). Also, inflation slowed for both recreation & culture (1.2 percent vs 1.5 percent) and alcoholic beverages & tobacco (3.3 percent vs 3.7 percent).In addition, prices fell faster for transport (-8.3 percent vs -4.8 percent); housing & utilities (-4.1 percent vs -3.6 percent) and clothing & footwear (-2.1 percent vs -0.6 percent). Meanwhile, miscellaneous goods & services inflation accelerated (2.1 percent vs 1.7 percent). On a monthly basis, consumer prices went down 0.5 percent in May, after a 0.1 percent rise in April.
Inflation Rate in Lithuania averaged 16.68 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. Lithuania Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Statistics Lithuania
Inflation Rate in Lithuania is expected to be 0.10 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 1.40 in 12 months time. In the long-term, the Lithuania Inflation Rate is projected to trend around 1.70 percent in 2021 and 2.20 percent in 2022, according to our econometric models.