Lithuania’s annual inflation rate increased to 22.4 percent in August of 2022 from 21.6 percent in the previous month. It was the highest inflation rate since August of 1996, mainly boosted by higher prices of food and energy, with food & non-alcoholic beverage prices soaring to 30.6 percent, the most since June 1996. Main upward price pressures also came from prices of transport (26.1 percent vs 30.4 percent in July), housing & utilities (59.1 percent vs 50.4 percent), alcoholic beverages and tobacco (10.1 percent vs 9.6 percent), clothing and footwear (2.9 percent vs 2.2 percent), and recreation and culture (8.9 percent vs 8.7 percent). On a monthly basis, consumer prices rose 1.0 percent in August, the least in nine months, slowing from a 1.2 percent gain in July. source: Statistics Lithuania
Inflation Rate in Lithuania averaged 15.98 percent from 1993 until 2022, 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 2022.
Inflation Rate in Lithuania is expected to be 18.50 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 4.10 percent in 2023 and 2.10 percent in 2024, according to our econometric models.