Lithuania: Annual consumer prices fall in December
January 9, 2015
In December, consumer prices decreased 0.6% over the previous month, which was down from the zero growth registered in November. The result was the largest decrease in consumer prices since July 2013. According to the statistical institute, the result was driven by lower prices for fuels and lubricants, as well for footwear.
Consumer prices ended 2014 falling 0.3% over the same month the previous year, which notably contrasted 2013’s 0.4% increase. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) rose from 0.3% in October to a 0.4% in November, the latest month for which data are available. Annual average HICP inflation mirrored October’s 0.3% in November.