Lithuania: Annual consumer prices in September fall for first time in four months
October 8, 2014
In September, consumer prices increased 0.4% over the previous month, which contrasted the 0.1% decline registered in August. According to the statistical institute, the increase was driven by much higher prices for clothing and footwear, as well as moderately higher prices for miscellaneous goods and services, education, and food and non-alcoholic beverages.
Annual prices swung from a 0.2% increase in August to a 0.1% decrease in September. The reading marked the lowest level since May. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 0.5% in July to 0.3% in August, the latest month for which data are available. Annual average HICP inflation held at 0.4% in August for the second consecutive month, marking the lowest level since September 2004.
Author: Carl Kelly, Economist