Lithuania: Inflation rises to six-month high in April
May 10, 2019
Consumer prices rose 0.8% from the previous month in April, broadly unchanged from a March’s 0.9% increase. The reading largely reflected higher prices for clothing and footwear, transport, and food and non-alcoholic beverages, which more than offset lower prices for housing, water, electricity, gas and other fuels.
Meanwhile, inflation edged up from 2.6% in March to 2.8% in April, marking the third consecutive month of intensifying price pressures as well as the highest reading since October 2018. In addition, annual average inflation remained stable at 2.4%, where it has been since February.
Lastly, harmonized inflation ticked up from 2.6% in March to a six-month high of 2.7% in April.
Author: Almanas Stanapedis, Economist