Statistical Modeling of Main Inflation Drivers During the Post-Pandemic Period: The Case of Lithuania

The main inflation factors were analyzed of relatively high inflation in Lithuania after the COVID-19 pandemic in the context of European Union and euro area. The system dynamics model was developed mathematically describing the interrelations between inflation and the set of macroeconomic variables. The hypothetical reduced inflation rates were calculated modeling the different scenarios of macroeconomic changes under the inflationary environment.