Lithuania: Inflation drops to lowest level since December 2015 in May
June 5, 2020
Consumer prices dropped 0.48% over the last month in May, contrasting April's 0.08% rise. May's result marked the sharpest fall in prices since December 2018. The figure was largely due to falling prices for food and non-alcoholic beverages. In addition, downward price pressures for transportation intensified while prices alcoholic beverages and tobacco grew at a more subdued pace.
Inflation came in at 0.3% in May, below April’s 1.0% reading. May's result marked the lowest inflation rate since December 2015. In addition, the trend pointed down mildly, with annual average inflation coming in at 2.1% in May (April: 2.3%). Lastly, harmonized inflation fell to 0.2% from April’s 0.9%.
Author: Almanas Stanapedis, Economist