Producer prices in Lithuania fell 3.5 percent year-on-year in August 2019, after a downwardly revised 1.5 percent drop in the previous month. This was the third straight month of decline in producer prices, as cost continued to fall for manufacturing (-3.5 percent vs -1.5 percent in July) and electricity, gas, steam and air conditioning supply (-5.3 percent vs -2.1 percent). Meanwhile, water supply, sewerage, waste management and remediation activities dropped at a softer pace (-5.0 percent vs -7.0 percent) while mining and quarrying cost went up faster (2.1 percent vs 1.1 percent). On a monthly basis, producer prices dropped 1.4 percent, following a 0.3 percent rise in June. Producer Prices Change in Lithuania averaged 3.30 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 -1.70 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.