Lithuania's annual inflation rate increased to 5.3 percent in August of 2021 from 4.7 percent in the previous month. It was the highest inflation rate since April 2009, due mainly to a faster rise in prices of both housing & utilities (13.7 percent vs 11.7 percent in July) and food & non-alcoholic beverages (2.7 percent vs 2.1 percent), while transports inflation was steady (at 9.6 percent). Also, prices advanced more for miscellaneous goods & services (5.3 percent vs 3.4 percent), recreation & culture (3.9 percent vs 3.3 percent). Meantime, prices of alcoholic beverages & tobacco continued to increase (1.5 percent vs 2.5 percent). In addition, prices of clothing & footwear fell less (-0.1 percent vs -0.2 percent). On a monthly basis, consumer prices were up 0.4 percent in August, the least in six months, easing from a 0.7 percent rise in July. source: Statistics Lithuania
Inflation Rate in Lithuania averaged 16.03 percent from 1993 until 2021, 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 2021.
Inflation Rate in Lithuania is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Lithuania Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.20 percent in 2023, according to our econometric models.