Lithuania's annual inflation rate increased to 1.3 percent in August of 2020, the most since March, from 1.0 percent in the previous month. Inflation accelerated for food & non-alcoholic (1.4 percent vs 1.1 percent in July); alcoholic beverages & tobacco (2.8 percent vs 2.4 percent), while recreation & culture inflation was steady (at 0.7 percent). In addition, prices fell less for both transport (-4.1 percent vs -4.2 percent) and housing & utilities (-3.6 percent vs -5.9 percent). Meanwhile, prices continued to rise for miscellaneous goods & services (2.4 percent vs 2.9 percent); clothing & footwear (3.2 percent vs 4.7 percent). On a monthly basis, consumer prices went down 0.2 percent in August, after a 0.3 percent drop in July.
Inflation Rate in Lithuania averaged 16.54 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 September of 2020. source: Statistics Lithuania
Inflation Rate in Lithuania is expected to be 0.30 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 1.50 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.