Lithuania: Inflation slows further in March
April 9, 2013
In March, consumer prices edged up 0.3% over the previous month, which was above the flat reading tallied in February. According to the statistical institute, the result mainly reflected higher prices for food as well as for clothing and footwear.
Despite the monthly price rise, annual headline inflation plunged from 2.2% in February to 1.5% in March, the lowest level observed in nearly three years.
Meanwhile, annual average HICP inflation (based on the harmonized index of consumer prices) inched down from 3.1% in January to 3.0% in February, the latest month for which data are available.
According to its macroeconomic forecasts from February, the Central Bank expects HICP inflation to average 2.4% in 2013 and 3.0% in 2014. FocusEconomics Consensus Forecast panellists expect harmonized inflation to average 3.0% this year, which is unchanged from last month's estimate. Next year, the panel sees inflation remaining stable at 3.0%.