Lithuania Business News: Archive 2003-
Average annual inflation will exceed 10 percent in Lithuania in 2008-2010 as a result of looming increase in electricity prices and excise rates, the analysts of Danske Bank, the leading Scandinavian and Western European bank, forecast. In Estonia, the annual inflation will drop below 10 percent threshold in 2009, while Latvia could only expect lower inflation in 2010. The average annual inflation in Lithuania will reach 11.8 percent this year, 10.4 percent in 2009 and 10.1 percent in 2010, the bank said in its latest CEE overview. As of late July, the bank's analysts projected that the average annual inflation would total 11.4 percent in Lithuania this year and would drop to some 8-9 percent in 2009.
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