Lithuania: Inflation continues to slide in April
May 10, 2018
Consumer prices rose 0.6% in April compared to the previous month, accelerating from March’s 0.4% month-on-month increase. According to the Statistical Institute, the result was led by higher prices for clothing and footwear, food products and non-alcoholic beverages, and transport, which more than outweighed lower prices for housing, water, electricity, gas and other fuels.
Inflation continued to plummet in April, coming in at 2.3% and marking the third consecutive month of notably easing price pressures. The result was below March’s 2.7% reading and the lowest print since January 2017. Meanwhile, harmonized inflation declined for the fifth consecutive month in April, coming in at 2.2% (March: 2.5%), the lowest reading in 16 months.
In turn, annual average harmonized inflation ticked down from 3.7% in March to 3.6% in April, the lowest rate since November of last year.
Author: Almanas Stanapedis, Economist