Lithuania's annual producer inflation rose to 2.8 percent in February 2019 from 0.2 percent in the previous month. It was the highest producer inflation rate since November last year, as cost of manufacturing rebounded (2.9 percent vs -0.3 percent in January) and that of electricity, gas, steam and air conditioning supply continued to rise (3.1 percent vs 6.7 percent). Meanwhile, cost declined further for both mining and quarrying (-2 percent vs -1.8 percent) and water supply, sewerage, waste management and remediation activities (-6.2 percent vs -3.9 percent). On a monthly basis, producer prices increased 0.9 percent, following a downwardly revised 0.1 percent rise in January. Producer Prices Change in Lithuania averaged 3.35 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 2.70 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 2.80 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.