Annual inflation rate in Lithuania decreased to 2.6 percent in August 2019 from 2.7 percent in the previous month. Prices slowed for housing & utilities (0.9% vs 3.4% in July), recreation & culture (3.5% vs 3.7%), and miscellaneous goods & services (2.3% vs 2.8%). In addition, cost fell for clothing & footwear (-1.6% vs -2%), transport (-0.2 % vs -1.2%), and communication (-2.4%, the same as in July). Meantime, inflation was steady for both furnishing & household equipment (at 1.8%); and hotels, cafes, restaurant (at 6.1%), while cost of alcoholic beverages & tobacco increased faster (3.8% vs 3.7%) and prices of food & non-alcoholic beverages rose by 5.1 percent, the most since October 2017, after a 4.6 gain in July. On a monthly basis, consumer prices fell 0.4% in August, after a 0.3% drop in July. Inflation Rate in Lithuania averaged 17.10 percent from 1993 until 2019, reaching an all time high of 707.40 percent in June of 1993 and a record low of -2 percent in January of 2003.
Inflation Rate in Lithuania is expected to be 2.50 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 2020, according to our econometric models.