Lithuania: Annual consumer prices jump back up in October
November 10, 2014
In October, consumer prices increased 0.1% over the previous month, which was down from the 0.4% rise registered in September. According to the statistical institute, the result was driven by higher prices for clothing and footwear, as well for housing and utilities.
Annual prices swung from a 0.1% decrease in September to a 0.1% increase in October. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) fell from 0.3% in August to a flat reading in September, the latest month for which data are available. Annual average HICP inflation was down from 0.4% in August to 0.3%, marking the lowest level since September 2004.
Author: Carl Kelly, Economist