Lithuania in figures (edition 2023)

Prices

 

 

 

 

The chapter presents a review of changes in prices in 2022: which products went up in price and which products went down in price.

The State Data Agency annually revises and updates the weighting system used for the consumer price index (CPI) calculation. The CPI weighting system for the year 2022 is based on household monetary consumption expenditure data from the statistical household budget survey 2012 (weight base period), the most recent statistics from other domains, and statistical information obtained from other institutions and enterprises.

 

 

 

The price base period was December 2021, i.e. the prices of each month of the year 2022 were compared with the prices of this period. According to the Laspeyres formula, weight and price base periods have to be consistent. Therefore, applying respective price indices, data on household monetary consumption expenditure were recalculated and evaluated using December 2021 prices. Based on the said sources, a weighting system for the 2022 CPI calculation was drawn up.

In 2022, compared to 2021, major structural changes in the weighting system were observed in the following COICOP divisions: housing, water, electricity, gas and other fuels, alcoholic beverages and tobacco products, clothing and footwear, transport goods and services, food products and non-alcoholic beverages. The relative share (weight) of expenditure on housing, water, electricity, gas and other fuels goods and services increased by 1, transport goods and services – 0.4, food products and non-alcoholic beverages – 0.3 percentage points. The relative share (weight) of expenditure on alcoholic beverages and tobacco products as well as clothing and footwear decreased by 0.7 percentage points each.

In 2022, 985 representative consumer goods and services (786 goods and 199 services) were selected for the CPI calculation. The “statistical basket” of representative goods and services is annually updated taking into account changes on the consumer market. In 2022, statistical data on prices for consumer goods and services in 18 territorial units, covering about 4,300 selected trade and service enterprises and local units, were collected on a monthly basis.


In 2022, against 2021, prices for consumer goods and services increased by 19.7 per cent. Over the said period, consumer goods went up in price by 23, services – 11.9 per cent. The average annual change in prices for consumer goods and services was mainly conditioned by an increase in prices for housing, water, electricity, gas and other fuels, food products and non-alcoholic services, transport goods and services, services of hotels, cafés and restaurants, miscellaneous goods and services.

 

 

Average annual rates of change in prices
Compared to the previous year, per cent

 

2018

2019

2020

2021

2022

Consumer prices

2.7

2.3

1.2

4.7

19.7

House

7.3

6.8

7.3

16.1

19.0

Producer prices for total industrial production

5.6

-0.1

-8.9

9.5

25.9

Export prices

3.7

-0.1

-5.0

5.9

12.2

Import prices

4.7

-1.4

-6.4

13.2

26.2

Construction input prices

2.9

4.3

1.4

6.2

18.4

Producer prices for agricultural products

2.5

4.2

-1.4

15.6

45.9

The latest and detailed data are available in the Database of Indicators:

Consumer prices

House

 

In 2022, against 2021, prices of goods and services related to housing, water, electricity, gas and other fuels grew by 49.2 per cent. Solid fuel went up in price by 127.1, liquied fuel – 84.4, heat energy – 83.1, electricity – 46.2, products and materials for the maintenance and repair of the dwelling – 23.7, services for the maintenance and repair of the dwelling – 23 per cent.

 

Average annual rates of change in consumer prices, 2022
Compared to the previous year, per cent

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The latest and detailed data are available in the Database of Indicators

 

Prices for food products and non-alcoholic beverages increased by 26.3 per cent. It was conditioned by an increase in prices for butter, oil and fats – 35.6 per cent, vegetables – 31.3 per cent, bread and cereals – 28.1 per cent, food products n.e.c. – 27.8 per cent, coffee, tea and cocoa – 27 per cent, meat and its products  – 18.6 per cent, sugar jam, honey, chocolate and confectionery – 19.3 per cent.

 

 

Average annual retail prices of some food products
EUR

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The latest and detailed data are available in the Database of Indicators

 

 

Transport goods and services went up in price by 22.8 per cent. In the said group, the price change was influenced by an increase in prices for fuels and lubricants (34.9 per cent), services of passenger transport by air (17.2 per cent), maintenance and repair of personal transport equipment (18.9 per cent).

 

 

Average annual retail prices for the main consumer goods
EUR

 

Petrol A-95, l

Diesel fuel, l

Monthly urban bus ticket, unit

2022

1.71

1.75

26.34

2021

1.28

1.19

26.16

The latest and detailed data are available in the Database of Indicator

 

Prices for hotel, café and restaurant services grew by 15.5 per cent. In the said group, the largest increase in prices was observed for catering in canteens (18.8 per cent), restaurants, cafes and the like (14.8 per cent). Accommodation services went up in price by 14.3 per cent.

Misscellaneous goods and services went up in price by 13 per cent. This price change was mainly caused by the increase in prices of transport insurance services (by 20.8 per cent), social security (by 19.4 per cent), services not classified elsewhere (by 15.3 per cent), women's and men's hair salons and personal care establishments (by 13.3 per cent).

In 2022, against 2021, prices regulated by State and municipal authorities increased by 27.9 per cent, while market prices – by 18.4 per cent.

 

 

Average annual inflation
Compared to the previous year, per cent

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The latest and detailed data are available in the Database of Indicator


 

Average annual inflation in the EU states, 2022
Calculated based on the harmonised index of consumer prices, compared to the previous year, per cent

EU 27 – 9.2%

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Source: Eurostat’s database, 27 September 2023.


For further terms, see the Dictionary of Statistical Terms