Lithuania: Inflation drops to a 20-month low in August
September 11, 2018
Consumer prices fell 0.4% from the previous month in August, marking the second consecutive monthly decline (July: -0.5% month-on-month). According to the Statistical Institute, the contraction was chiefly driven by lower prices for food products and non-alcoholic beverages, with prices for transport, and clothing and footwear also down from the previous month.
Inflation fell from 2.5% in July to 2.1% in August, marking a 20-month low. Meanwhile, harmonized inflation dropped to a 21-month low of 1.8% in the same month, from 2.3% in July. In turn, annual average harmonized inflation edged down from 3.4% in July to 3.1% in August.
Author: Almanas Stanapedis, Economist