Flash comment: Lithuania - Annual inflation at 1% in April
Annual inflation at 1% in April

In April consumer prices increased by 0.5% compared with March and were 1% higher than a year ago. Average annual deflation declined to 0.1%.

In a month prices decreased mostly due to higher prices of goods, such as vegetables, clothing and footware, as well as fuel. Annual inflation was mainly caused by more expensive lottery tickets, clothing, tobacco products, restaurant services and vegetables. Meanwhile, fuel was 13.2% cheaper than at the same time last year and thus had a negative effect on annual inflation.

Outlook: consumer price growth will accelerate this year

Rapidly rising wages, a hike in the minimum wage and increasing oil prices will push consumer prices somewhat higher this year. We expect inflation to be at 1.8% this year.

For more information about this report, please contact Mrs. Laura Galdikienė, +370 5 258 2275, Laura.Galdikiene@swedbank.lt

This email is sent through the Research Department’s web-based distribution system. As a subscriber you can change your settings regarding what publications you will receive by clicking “Change your settings” you can also unsubscribe by clicking "Unsubscribe".

This letter is distributed by Swedbank in cooperation with Brightly. The letter is personal.