Inflation Lithuania 2023
Average inflation: 9.5%
Current Inflation
Inflation is very high at 9.5%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 20.0%. The lowest inflation was in December at 1.2%.
- Highest month
- January: 20.0%
- Lowest month
- December: 1.2%
- Difference
- 18.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 15.4%. The lowest price increase was in Transport with an average of 1.0%.
- Highest increase
- Food and non-alcoholic beverages: 15.4%
- Lowest increase
- Transport: 1.0%
Historical Context
Current inflation is 2.0% higher than the 5-year average of 7.5%.
- 5-year average
- 7.5%
- 10-year average
- 4.4%
- All-time high (2022)
- 19.6%
- All-time low (2015)
- -0.9%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by -10.1 percentage point.
- Change vs. previous year
- -10.1 percentage points
- Largest monthly swing
- November: -20.9 percentage points
ECB Target
Inflation is 7.5% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 20.0% | +7.6 |
| February | 18.7% | +4.5 |
| March | 16.6% | +0.9 |
| April | 14.5% | -2.3 |
| May | 11.7% | -7.2 |
| June | 9.0% | -12.0 |
| July | 7.4% | -14.2 |
| August | 6.2% | -16.2 |
| September | 3.7% | -20.4 |
| October | 2.8% | -20.8 |
| November | 2.0% | -20.9 |
| December | 1.2% | -20.5 |
| Average | 9.5% |
Data source
Data from OECD. Last updated: 11/01/2026.