Inflation Lithuania 2024
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 2.1%. The lowest inflation was in March at 0.0%.
- Highest month
- December: 2.1%
- Lowest month
- March: 0.0%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 9.3%. The lowest price increase was in Housing, water, electricity, gas and other fuels with an average of -9.8%.
- Highest increase
- Restaurants and hotels: 9.3%
- Lowest increase
- Housing, water, electricity, gas and other fuels: -9.8%
Historical Context
Current inflation is 6.4% lower than the 5-year average of 7.1%.
- 5-year average
- 7.1%
- 10-year average
- 4.4%
- All-time high (2022)
- 19.6%
- All-time low (2015)
- -0.9%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +8.8 percentage point.
- Change vs. previous year
- -8.8 percentage points
- Largest monthly swing
- January: -19.3 percentage points
ECB Target
Inflation is 1.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 0.7% | -19.3 |
| February | 0.7% | -18.0 |
| March | 0.0% | -16.6 |
| April | 0.1% | -14.4 |
| May | 0.5% | -11.2 |
| June | 0.7% | -8.3 |
| July | 0.9% | -6.5 |
| August | 0.7% | -5.5 |
| September | 0.5% | -3.2 |
| October | 0.3% | -2.5 |
| November | 1.3% | -0.7 |
| December | 2.1% | +0.9 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 13/01/2026.