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Lithuania Inflation August 2023

Lithuania: Harmonized inflation falls in August

Harmonized inflation came in at 6.4% in August, down from July’s 7.2%. August’s reading marked the lowest inflation rate since September 2021. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a softer pace in August. However, prices for transportation dropped at a less pronounced pace.

Annual average harmonized inflation fell to 14.9% in August (July: 16.1%). Meanwhile, consumer price inflation fell to 6.2% in August, from July’s 7.4%.

Finally, harmonized consumer prices fell 0.15% in August over the previous month, a smaller drop than the 0.21% fall logged in July.

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