Lithuania: Inflation rises markedly in May
June 12, 2018
Consumer prices rose 0.4% in May compared to the previous month, moderating from April’s 0.6% month-on-month increase. According to the Statistical Institute, the result was led by higher prices for transport, and clothing and footwear, which more than outweighed lower prices for food products and non-alcoholic beverages; and housing, water, electricity, gas and other fuels.
Inflation reversed three consecutive months of decline and rose markedly in May to 2.9%, up from 2.3% in April. Meanwhile, harmonized inflation also jumped in May, coming in at 2.9% (April: 2.2%). Lastly, annual average harmonized inflation remained stable at 3.6% in May.
Author: Almanas Stanapedis, Economist