Lithuania: Consumer prices register largest drop in 12 years
March 9, 2015
In February, consumer prices decreased 0.3% over the previous month, which was up from the 1.3% decrease registered in January. The result represented the largest decrease in three months. According to the statistical institute, the result was driven by lower prices for foodstuff, fuel and clothing.
In annual terms, consumer prices fell 1.8%, which followed January’s 1.5% drop and represented the largest decrease since February 2003. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 1.4% in January, which is the last month for which data are available, coming in further below December’s 0.1% decline. Annual average HICP inflation inched down from December’s 0.2% to 0.1% in January.