Lithuania: Inflation ticks up in June
July 11, 2016
Consumer prices in June increased marginally by 0.1% over the previous month. The result came in above May’s flat reading. According to the Statistical Institute, the figure mainly reflected higher prices for transport, healthcare, and recreation and culture. In contrast, prices for food products and non-alcoholic beverages, as well for clothing and footwear, dropped the most.
Inflation came in at 0.7% in June, which was above the 0.5% tallied in May. Meanwhile, harmonized inflation (based on the Harmonized Index of Consumer Prices) was 0.4% in June, which was up from May’s 0.2%. Annual average HICP inflation was flat in June, the same as in May.
Author: Christopher Mc Innes, Economist