Lithuania: Consumer prices in August drop at steepest rate in five months
September 9, 2015
In August, consumer prices dropped 0.8% over the previous month, which came in below the 0.5% decrease seen in July and marked a seven-month low. According to the statistical institute, the result was mainly driven by lower prices for clothing and footwear.
In annual terms, consumer prices fell 1.2% in August, which marked a larger drop than the 0.5% decrease seen in July. Moreover, August’s figure tallied a five-month low. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 1.0% year-on-year in August, coming in below July’s 0.2% decline. Annual average HICP prices fell 0.5% in August, which was also down from the 0.4% drop seen in July.