Inflation in Lithuania
Lithuania - Inflation
Inflation comes in at highest level since September 1996 in July
Consumer prices increased 1.24% from the previous month in July, below June's 2.32% rise. July's result marked the weakest reading since December 2021. The slowdown was largely due to a softer rise in prices for food and non-alcoholic beverages. In addition, price pressures for transportation declined at a faster rate, while prices for alcoholic beverages and tobacco grew at a more subdued pace.
Inflation came in at 21.6% in July, which was up from June’s 21.0%. July's figure marked the highest inflation rate since September 1996. Annual average inflation rose to 13.4% in July (June: 12.0%). Finally, harmonized inflation rose to 20.9% in July, from the previous month's 20.5%.
FocusEconomics panelists see harmonized inflation averaging 16.0% in 2022, which is up 1.3 percentage points from last month’s forecast, and 5.6% in 2023.
Lithuania - Inflation Data
|Inflation Rate (CPI, annual variation in %)||-0.9||0.9||3.7||2.7||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Inflation Chart
Source: Statistics Lithuania and FocusEconomics calculations.
|Bond Yield||0.43||0.0 %||Dec 30|
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August 8, 2022
Consumer prices increased 1.24% from the previous month in July, below June's 2.32% rise.
July 29, 2022
GDP rose 2.0% year on year in the second quarter of 2022, according to preliminary data.
July 25, 2022
Industrial production grew 0.7% year on year in June (May: +7.5% yoy).
July 8, 2022
Consumer prices increased 2.32% over the previous month in June, broadly stable from May's 2.34% rise.
June 23, 2022
Industrial output grew 7.2% in year-on-year terms in May, which followed April's 18.8% increase.