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International Internet Magazine. Baltic States news & analytics Saturday, 08.08.2020, 08:42

Annual inflation in Lithuania made 0.9% in July

Renata Paškevičienė, Statistics Lithuania, Vilnius, 30.07.2020.Print version
The annual (July 2020, compared to July 2019) inflation provisional estimate calculated based on the HICP stands at 0.9 per cent. This was mainly influenced by an increase in prices for healthcare, various goods and services, as well as a decrease in prices for housing, water, electricity, gas and other fuels, transport goods and services.

Due to restrictions imposed on registration of prices during the quarantine period, about 0.2 per cent of prices failed to be collected, they will be evaluated by applying mathematic methods. In the final statistical information on July, groups of goods and services with lower confidence in price indices and changes will bear the corresponding mark.



 

Statistical information on the August 2020 inflation provisional estimate calculated based on the HICP is due on 27 August 2020.

 

Statistical information is produced and disseminated pursuant to the European Statistics Code of Practice.

 

For more terms, please see the Dictionary of Statistical Terms.




Definitions

Harmonised index of consumer prices — a consumer price index calculated according to the methodology harmonised within the European Union.

HICP inflation — inflation calculated based on the harmonised index of consumer prices (HICP), which is calculated according to a methodology agreed by EU countries and allows the comparison of general price level growth rates among EU countries.

Inflation — a continuous increase in the general price level, resulting in a decrease in the purchasing power of money. Inflation is usually calculated based on a consumer price index and expressed in per cent.









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