Analytics, Inflation, Lithuania, Markets and Companies
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 12:20
In August, annual inflation in Lithuania stood at 4.4%
Over the said period, prices for consumer goods decreased by 0.2%, those for consumer services –increased by 0.4%. The influence of the change in prices for consumer goods on the overall monthly price change stood at minus 0.145 percentage points, that of the change in prices for consumer services – at plus 0.094 percentage points.
Prices for consumer goods and services regulated by State and municipal authorities decreased by 0.4%, while market prices remained almost unchanged. The influence of the change in prices regulated by State and municipal authorities stood at minus 0.054 percentage points, the influence of the change in market prices stood at plus 0.007 percentage points.
In August 2017, against July, the largest increase in prices among food products was observed for milk and most products of milk, as well as butter, while the largest decrease was recorded for vegetables.
Due to discounts, clothing and footwear went down in price by 1.7%.
The overall change in prices for alcoholic beverages and tobacco products was determined by an increase in prices for tobacco products (1.7%), wine and wine products (0.7%) and spirits (0.5%), as well as by a decrease in prices for beer (0.4%).
For more detailed information on the largest price changes, see Table 1.
Table 1. Largest changes in prices for consumer goods
and services in August 2017, against July, %
Categories of
goods and services |
Price growth,% |
Categories of
goods and services |
Price drop (–),% |
Fresh fruit and vegetables |
|||
Beetroots |
33.3 |
Early potatoes |
–27.4 |
Onions |
21.0 |
Sweet pepper |
–23.8 |
Lettuce (butterhead, crisphead) |
16.5 |
Short cucumbers |
–21.9 |
Kiwis |
10.1 |
Grapes |
–17.4 |
Leaf lettuce |
8.7 |
Tomatoes |
–16.9 |
Oranges |
8.3 |
Cauliflowers |
–16.1 |
Carrots |
8.2 |
Early white cabbage |
–15.3 |
Apples |
0.6 |
Garlics |
–15.1 |
|
|
Chinese cabbage |
–12.9 |
|
|
Spinach |
–11.8 |
|
|
Melons |
–7.9 |
Food products and non-alcoholic beverages (excl.
fresh fruit and vegetables) |
|||
Butter and butter products |
8.0 |
Chocolate |
–5.2 |
Sour cream |
6.9 |
Chips |
–5.2 |
Pasta |
3.8 |
Edible ice-cream |
–2.5 |
Kefir and soured milk |
3.7 |
Tea |
–2.5 |
Dried fruit |
3.5 |
Pasta with meat |
–2.5 |
Mineral or spring water |
3.4 |
Confectionery |
–1.9 |
Edible offal |
3.1 |
Other edible oil |
–1.9 |
Non-food products |
|||
Textbooks |
2.3 |
Lighting equipment |
–4.9 |
Cars |
1.7 |
Equipment for
sport, camping and open-air recreation |
–3.9 |
Irons |
1.4 |
Non-electric kitchen utensils |
–3.7 |
Watches |
1.4 |
Table and bathroom linen |
–3.2 |
Bicycles |
0.8 |
Footwear |
–2.5 |
Refrigerators and freezers |
0.7 |
Clothing |
–1.5 |
Energy goods |
|||
Liquid fuel |
1.9 |
Heat energy |
–1.1 |
Liquefied gas for cooking |
0.8 |
Liquefied gas for cars |
–0.4 |
Solid fuel |
0.7 |
|
|
Diesel fuel |
0.6 |
|
|
Petrol |
0.3 |
|
|
Services |
|||
Transport insurance |
3.5 |
Sanatoriums |
–2.7 |
Passenger
transport by local transport |
3.2 |
|
|
Guides |
2.5 |
|
|
Hotels |
1.5 |
|
|
Holiday accommodation |
1.2 |
|
|
Passenger transport by air |
0.7 |
|
|
Package holidays |
0.6 |
|
|
In August 2017, annual (August 2017, against August 2016) inflation stood at 4.4%.
Annual inflation was mainly influenced by an increase in prices for beer, milk and milk products, cheese and eggs, fuels and lubricants, services of restaurants, cafés and the like, passenger transport by air, as well as by a decrease in prices for pharmaceuticals, electricity, vegetables (see Table 3).
Over the year, prices for consumer goods and services increased by 3.8 and 6% respectively. In August 2017, against August 2016, prices regulated by State and municipal authorities decreased by 0.4%, while market prices increased by 5.1%.
Table 2. Changes in prices for consumer goods and services, August 2017, %
COICOP divisions
of consumer goods and services |
Relative share
(weight) of consumption expenditure in total consumption expenditure |
Price growth, drop (–) |
|||
August 2017, against |
Average annual August 2016–2017 August 2015–2016 |
||||
July 2017 |
2016 |
||||
December |
August |
||||
Consumer goods and services |
100.0 |
0.0 |
2.4 |
4.4 |
2.6 |
Food products
and non-alcoholic beverages |
22.43 |
0.1 |
1.3 |
3.6 |
2.5 |
Alcoholic
beverages and tobacco products |
9.20 |
0.0 |
13.3 |
12.1 |
8.3 |
Clothing and footwear |
7.66 |
–1.7 |
–10.7 |
1.2 |
0.0 |
Housing, water,
electricity, gas and other fuels |
11.76 |
0.1 |
2.3 |
3.7 |
–0.6 |
Furnishings,
household equipment and routine maintenance of the house |
5.61 |
–0.8 |
0.2 |
1.1 |
1.2 |
Health care |
6.70 |
–0.6 |
0.9 |
–0.2 |
1.3 |
Transport |
13.26 |
0.8 |
3.1 |
5.5 |
3.8 |
Communications |
3.39 |
0.0 |
0.9 |
1.0 |
–3.2 |
Recreation and culture |
7.05 |
–0.1 |
4.9 |
4.5 |
2.8 |
Education |
1.70 |
0.0 |
0.4 |
2.1 |
2.6 |
Hotels, cafes and restaurants |
4.98 |
0.5 |
5.7 |
7.5 |
6.8 |
Miscellaneous goods and services |
6.26 |
0.0 |
5.0 |
5.1 |
4.0 |
Consumer goods |
74.21 |
–0.2 |
1.2 |
3.8 |
2.2 |
Consumer services |
25.79 |
0.4 |
6.0 |
6.0 |
3.8 |
Table
3. Largest influence on the overall change in consumer prices over the month by
COICOP class of consumer goods and services
COICOP classes
of consumer goods and services |
Relative share
(weight) of consumption expenditure in total consumption expenditure, % |
Price growth, |
Influence, percentage points |
August 2017, against July |
|||
Milk and milk
products, cheese, eggs |
4.1 |
2.7 |
+0.111 |
Cars |
2.9 |
1.7 |
+0.048 |
Tobacco products |
2.5 |
1.7 |
+0.043 |
Oil and fats |
1.2 |
3.2 |
+0.038 |
Passenger transport by road |
1.1 |
2.2 |
+0.023 |
Fuels and lubricants |
6.0 |
0.3 |
+0.018 |
Heat energy |
2.2 |
–1.1 |
–0.024 |
Sugar, jam,
honey, chocolate and confectionery |
1.6 |
–2.0 |
–0.032 |
Pharmaceuticals |
3.6 |
–1.3 |
–0.043 |
Footwear |
2.2 |
–2.5 |
–0.049 |
Clothing |
5.1 |
–1.5 |
–0.068 |
Vegetables |
1.6 |
–8.4 |
–0.112 |
August 2017, against August 2016 |
|||
Beer |
2.0 |
30.4 |
+0.593 |
Milk and milk
products, cheese, eggs |
4.1 |
10.7 |
+0.431 |
Fuels and lubricants |
6.0 |
6.0 |
+0.354 |
Catering
services of restaurants, cafés and the like |
3.4 |
9.3 |
+0.303 |
Passenger transport by air |
0.6 |
33.3 |
+0.252 |
Spirits |
3.1 |
6.5 |
+0.212 |
Cars |
2.9 |
–0.5 |
–0.015 |
Equipment for
the reception, recording and reproduction of sound and pictures |
0.4 |
–3.7 |
–0.016 |
Telephone equipment |
0.3 |
–6.9 |
–0.019 |
Vegetables |
1.6 |
–6.5 |
–0.078 |
Electricity |
2.1 |
–4.9 |
–0.103 |
Pharmaceuticals |
3.6 |
–4.4 |
–0.164 |
A news release on the September 2017 CPI is due on 9 October 2017. More information on the issue is available in the Database of Indicators