Lithuania: Drop in consumer prices softens in April
May 11, 2015
In April, consumer prices increased 0.7% over the previous month, coming in below the 0.8% increase registered in March. According to the statistical institute, the result was mainly driven by higher prices for vegetables, clothing and footwear.
In annual terms, consumer prices fell 1.0% in April, which followed March’s steeper 1.4% drop. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 1.1% year-on-year in March, the latest month for which data are available, coming in above February’s 1.5% decline. Annual average HICP prices fell 0.2% in March, coming in below February’s flat reading and representing the steepest drop since August 2004.