Lithuania: Inflation comes in at highest level since September 1996 in July
Consumer prices increased 1.24% from the previous month in July, below June’s 2.32% rise. July’s result marked the weakest reading since December 2021. The slowdown was largely due to a softer rise in prices for food and non-alcoholic beverages. In addition, price pressures for transportation declined at a faster rate, while prices for alcoholic beverages and tobacco grew at a more subdued pace.
Inflation came in at 21.6% in July, which was up from June’s 21.0%. July’s figure marked the highest inflation rate since September 1996. Annual average inflation rose to 13.4% in July (June: 12.0%). Finally, harmonized inflation rose to 20.9% in July, from the previous month’s 20.5%.