Lithuania: Consumer prices drop at a softer pace in October
November 10, 2015
In October, consumer prices increased 0.5% over the previous month, which was just below the 0.6% increase tallied in September. According to the statistical institute, the result was mainly driven by higher prices for hotels, cafes and restaurants and for clothing and footwear.
In annual terms, consumer prices fell 0.7% in October, which was a smaller drop than the 1.1% decrease seen in September. October’s figure marks a three-month high. Meanwhile, harmonized consumer prices (based on the Harmonized Index of Consumer Prices) dropped 0.4% year-on-year in October, coming in above September’s 0.8% decline. Annual average HICP prices dropped from minus 0.5% in September to minus 0.6% in October, the lowest figure since June 2004.