Lithuania: Drop in consumer prices softens in March
April 10, 2015
In March, consumer prices increased 0.8% over the previous month, contrasting the 0.3% decline registered in February. The result represented the largest increase since March 2012. According to the statistical institute, the result was driven by lower prices for foodstuff, fuel, and clothing.
In annual terms, consumer prices fell 1.4%, which followed February’s steep 1.8% drop. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 1.1% in March, 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.