Lithuania: Drop in consumer prices softens in May
June 25, 2015
In May, consumer prices increased 0.5% over the previous month, coming in below the 0.7% increase registered in April. According to the statistical institute, the result was mainly driven by higher prices for vegetables, clothing and footwear.
In annual terms, consumer prices fell 0.5% in May, which followed April’s steeper 1.0% drop. Meanwhile, harmonized consumer prices (based on the harmonized index of consumer prices) fell 0.1% year-on-year in May, coming in above April’s 0.6% decline. Annual average HICP prices fell 0.3% in May, coming in below April’s 0.2% drop and representing the steepest decline since July 2004.