Lithuania: Consumer prices register largest drop in almost 12 years
February 17, 2015
In January, consumer prices decreased 1.3% over the previous month, which was down from the 0.6% decrease registered in December. The result represented the largest decrease on record. According to the statistical institute, the result was driven by lower prices for fuels and lubricants, clothing, footwear and electricity.
In annual terms, consumer prices fell 1.5%, which followed December’s 0.3% 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, coming in further below December’s 0.1% decline. Annual average HICP inflation inched down from December’s 0.2% to 0.1% in November.