Lithuania: Consumer prices in July drop at June's rate
August 10, 2015
In July, consumer prices dropped 0.5% over the previous month, which came in below the 0.1% decrease seen in June and marked a six-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 0.5% in July, which matched June’s decrease. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 0.2% year-on-year in June (the latest period for which data are available), coming in slightly below May’s 0.1% decline. Annual average HICP prices fell 0.3% in June, mirroring the previous month’s drop and thus remaining at the lowest level since July 2004.