Lithuania's annual producer inflation fell to 3.9 percent in November 2018 from an upwardly revised 9.2 percent jump in the prior month. It is the lowest producer inflation since April. Prices rose less for mining & quarrying (5.7 percent vs 10.8 percent in October), manufacturing (3.7 percent vs 9.3 percent) and electricity, gas, steam and air conditioning (6.6 percent vs 7.1 percent). In addition, cost dropped for water supply, sewage treatment, waste management (-0.3 percent vs -0.7 percent). On a monthly basis, producer prices decreased 3 percent, following an upwardly revised 0.5 percent gain in October. Producer Prices Change in Lithuania averaged 3.37 percent from 1998 until 2018, 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 8.60 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 6.20 in 12 months time. In the long-term, the Lithuania Producer Prices Change is projected to trend around 3.20 percent in 2020, according to our econometric models.