Latest reading: Inflation dipped to 1.1% in June, down from May’s 1.2% and representing the lowest inflation rate in over...
Inflation in Lithuania
Harmonized consumer price inflation averaged 3.9% in the ten years to 2024. The 2024 average figure was 0.9%. For more inflation information, visit our dedicated page.
Lithuania Inflation Chart
Note: This chart displays Inflation (HICP, ann. var. %, aop) for Lithuania from 2014 to 2024.
Source: Macrobond.
Lithuania Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (HICP, ann. var. %, aop) | 2.2 | 1.1 | 4.6 | 18.9 | 8.7 |
| Inflation (CPI, ann. var. %, eop) | 2.7 | 0.2 | 10.6 | 21.7 | 1.2 |
| Inflation (HICP, ann. var. %, eop) | 2.7 | -0.1 | 10.7 | 20.0 | 1.6 |
| Inflation (PPI, ann. var. %, aop) | -0.1 | -8.9 | 9.5 | 25.9 | -2.2 |
Harmonized inflation rises in June
Latest reading: Harmonized inflation ticked up to 3.2% in June, following May’s 3.0%. The uptick was due to rising prices for food and hospitality, as well as due to a renewed increase in transport prices following two consecutive months of decline. The trend pointed up slightly, with annual average harmonized inflation coming in at 2.1% in June (May: 1.9%). Meanwhile, consumer price inflation rose to 3.7% in June from the previous month's 3.4%. Lastly, harmonized consumer prices rose 0.21% from the previous month in June, contrasting May's 0.28% fall.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Lithuanian inflation projections for the next ten years from a panel of 13 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Lithuanian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Lithuanian inflation projections.
Want to get access to the full dataset of Lithuanian inflation forecasts? Send an email to info@focus-economics.com.
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Lithuania: Harmonized inflation rises in June Latest reading: Harmonized inflation ticked up to 3.2% in June, following May’s 3.0%. The uptick was due to rising prices...