Lithuania: Inflation unchanged at almost two-years low
August 5, 2012
In June, consumer prices dropped 0.1% over the previous month which contrasted a 0.1% increase in May and marks the lowest reading in six months. According to the statistical institute, the result was driven by lower prices for transport as well as for clothing and footwear, amid seasonal discounts. Despite the monthly drop, annual headline inflation was unchanged at May's 2.5%, the lowest level since September 2010. Finally, annual average HICP inflation (based on the harmonized index of consumer prices) dropped from 3.9% in May to 3.7% in June.
Author: Armando Ciccarelli, Head of Data Solutions