Lithuania: Inflation falls further in May
June 8, 2016
Consumer prices in May were unchanged over the previous month. The result came in below April’s 0.5% increase. According to the statistical institute, the figure mainly reflected higher prices for transport, clothing and alcoholic beverages. In contrast, prices for communications, housing, electricity, gas and other fuels tallied the largest drop.
Inflation came in at 0.5% in May, which was below the 1.0% tallied in April. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) was 0.2% in May, which was down from April’s 0.8%. Annual average HICP inflation was flat in May (April: -0.1% year-on-year).
Author: David Ampudia, Economist