Lithuania: Inflation rises hits nearly-three-year high in March
April 11, 2016
Consumer prices in March increased 1.0% over the previous month, which contrasted February’s 0.3% drop. According to the statistical institute, the monthly jump reflected rising prices for clothing, food products and both alcoholic and non-alcoholic beverages. In contrast, prices for housing, electricity, gas and other fuels tallied the largest drop.
Inflation came in at 1.2% in March, which was above February’s 0.9%. March’s print marked the highest reading since June 2013. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) rose to 0.8% in March, coming in above February’s 0.5%. Lastly, annual average HICP prices fell 0.2% in March (February: -0.3% year-on-year).
Author: David Ampudia, Economist