Macroeconomics

In April 2024, according to the harmonised index of consumer prices (HICP), which is methodologically harmonised with those of other EU member states, average annual inflation in Lithuania stood at 3.8 percent, average annual inflation calculated based on the consumer price index (CPI) – at 3.7 perc...

The minimum monthly pre-tax pay could go up 18.9 percent, or 138 euros, to 868 euros in Lithuania next year, the central Bank of Lithuania says, adding, however, that it would be in favor of more cautious decisions, such as delaying decisions on the minimum pay or raising it in stages, due to the hi...

One third of the Lithuanian population say the coronavirus pandemic has adversely affected the financial situation, according to a survey conducted by the pollster Vilmorus for BNS.

Ankstyvojoje trečiadienio prekyboje Volstrito akcijų indeksai atsigauna po didžiulių praradimų pastarąsias dvi sesijas. Pirmadienį ir antradienį Niujorko biržose akcijos buvo itin sparčiai išparduodamos, analitikams kaltinant nerimą dėl JAV ir Kinijos prekybos karo ir galimo Federalinio atsargų bank...

The annual inflation rate in Lithuania rose to 0.7% in January of this year, according to the latest figures from Eurostat.

Increased household consumption and investment are increasingly driving economic growth in Lithuania - without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists.

In January the prices of consumer goods and services declined by 1.5% in annual terms and by 1.3% in monthly terms. This was the biggest annual deflation since 2003. Average annual inflation was at 0%.

In 2014, annual deflation was running at 0.3 percent in Lithuania.

Statistics Lithuania forecasts that monthly deflation measured by the Harmonised Index of Consumer Prices (HICP) is likely to be zero in January and amount to 0.0 percent, compared to December 2014.

In the last month of 2014 the prices of consumer goods and services declined by 0.3% in annual terms and by 0.6% in monthly terms. On average consumer prices were 0.1% higher in 2014 than in 2013.

Growing consumption and investment encourage consistent growth of Lithuania's economy; however, a poorer outlook for the country's major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuani...

Current average annual inflation in Lithuania is at its lowest since 2010, according to financial experts, a situation that is particularly favourable to the currency changeover.

According to Statistics Lithuania, based on the harmonised index of consumer prices (HICP), the monthly inflation calculated for November and compared to October is likely to stand at 0 percent.

In October the prices of consumer goods and services increased by 0.1%, both in annual and in monthly terms. Average annual inflation remained at 0.2% in October and was 1.2 percentage points lower than a year ago.

Prices of consumer goods and services increased by 0.4% in September, compared with August, while consumer prices declined by 0.1% in annual terms. Average annual inflation remained at 0.2% in September and was 1.5 percentage points lower than a year ago.

Statistics Lithuania predicts that monthly inflation calculated based on the harmonised index of consumer prices (HICP) will stand at 0.4 percent in September, compared to August.

During the second quarter of 2014, Lithuania's seasonally-adjusted GDP rose by 0.7 percent, while compared to the same quarter of 2013, it increased by 3.0 percent, according to flash estimates published by Eurostat, the statistical office of the European Union.

Latvia's annual GDP growth slowed to 2.5% in the second quarter of 2014 from 2.8% in the previous quarter, according to the flash estimate by the Central Statistical Bureau (CSBL). At the same time, seasonally adjusted quarterly growth picked up to 1% (0.6% in the first quarter).