Lithuania’s annual inflation rate climbed to 18.9 percent in May of 2022 from 16.8 percent in the previous month. It was the highest inflation rate since September of 1996, with food & non-alcoholic beverage prices surging 24.8 percent, the most since September 1996, amid soaring global commodity prices. Main upward price pressures also came from prices of transport (27.5 percent vs 23.1 percent in April) and housing & utilities (43.3 percent vs 37.9 percent). On a monthly basis, consumer prices rose 2.3 percent in May, boosted by higher prices of fuel and lubricants, heat energy and food, particularly meat and meat products, bread and cereal, oil and fat. source: Statistics Lithuania
Inflation Rate in Lithuania averaged 15.93 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 July of 2022.
Inflation Rate in Lithuania is expected to be 17.50 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.