The annual inflation rate in Lithuania eased to 1.7 percent in January of 2019, the last since December 2016, from 1.9 percent in the previous month. Inflation slowed for: alcoholic beverages & tobacco (2.6 pct vs 3.2 pct in December), housing & utilities (5.8 pct vs 5.9 pct), and miscellaneous goods & services (2.5 percent vs 3.0 percent). In addition, cost fell for food & non-alcoholic beverages (-0.3 percent vs -0.6 percent) and transport (-0.1 percent vs 1.8 percent). On a monthly basis, consumer prices rose 0.2 percent, after a 0.6 percent fall in December. Inflation Rate in Lithuania averaged 17.43 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 2.60 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 2.50 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.