Lithuania: Annual inflation inches down in August
September 8, 2014
In August, consumer prices fell 0.1% over the previous month, which was up from the 0.5% decline registered in July. According to the statistical institute, the decline was driven by lower prices for food and non-alcoholic beverages. Prices increased in most other categories, including alcoholic beverages and tobacco, as well as household furnishings and equipment.
Annual inflation inched down from 0.3% in July to 0.2% in August, which marked the highest level since December of last year. Meanwhile, annual HICP inflation (based on the harmonized index of consumer prices) rose from 0.3% in June to 0.5% in July, the latest month for which data are available. Annual average HICP inflation held at June’s 0.4% in July, marking the lowest level since September 2004.
Author: Carl Kelly, Economist