Lithuania: Consumer prices decline at softer pace in August
September 8, 2016
Consumer prices fell 0.5% over the previous month in August, which was slightly above July’s 0.7% drop. According to the Statistical Institute, the figure reflected a decrease in prices for multiple categories, with food and non-alcoholic beverages, transport and retail goods recording the largest declines.
Inflation came in at a four-month high of 0.8% in August following July’s 0.5%. Harmonized inflation (based on the Harmonized Index of Consumer Prices) came in at 0.5% in August, which was considerably above July’s flat reading. In addition, annual average HICP inflation increased from a flat reading in July to 0.1% in August.
Author: David Ampudia, Economist