The annual inflation rate in Lithuania decreased to 2.5 percent in November 2018 from 2.9 percent in the prior month. Prices slowed for transport (6.2 percent vs 9.3 percent in October) and dropped for food & non-alcoholic beverages (-0.1 percent vs 0.2 percent). On the other hand, inflation quickened for housing & utilities (6.0 percent vs 5.7 percent); alcoholic beverages & tobacco (2.9 percent vs 2.8 percent) and miscellaneous goods & services (2.3 percent vs 1.9 percent). On a monthly basis, consumer prices edged down 0.1 percent, after a 0.6 percent increase in the previous month. Inflation Rate in Lithuania averaged 17.54 percent from 1993 until 2018, 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 2.70 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 2.40 in 12 months time. In the long-term, the Lithuania Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.