%0 Journal Article
%T Lithuania in the eurozone: Accession process and inflationary results
%A Wołkonowski, Jarosław
%J International Business and Global Economy
%V 2017
%R 10.4467/23539496IB.17.012.7460
%N Volume 36
%P 171-182
%K price level, Lithuania, euro, inflation, consumer economics
%@ 2300-6102
%D 2017
%U https://ejournals.eu/en/journal/ibage/article/litwa-w-strefie-euro-proces-wejscia-i-skutki-inflacyjne-wprowadzenia-nowej-waluty
%X 
	The aim of the article is to examine the process of Lithuania’s accession to the euro-zone in 2015 and the inflation resulting from the introduction of the euro. Statistical data for the years 2015–2016 did not give cause for concern, but prices for particular goods increased significantly during this period, which caused great dissatisfaction among the Lithuanians. The paper analyses inflation trends and changes in prices for particular goods (including top 40 most purchased products). The comparative meth-od has been used and weight changes have been measured by calculating the annual rates of change for commodity classes in the Harmonized Index of Consumer Prices (HICP) using 2013–2016 data provided by Eurostat, the Lithuanian Statistics De-partment, the World Bank, and the European Central Bank. The analysis revealed that after the introduction of the euro the prices for particular goods and services increased, but the decline in oil prices in the world markets offset those increases in the basket, thus maintaining inflation at a low level.