Lithuania Inflation (HICP, ann. var. %, aop)

Harmonized inflation falls to lowest level since April 2022 in February

Harmonized inflation fell to 17.2% in February, following January’s 18.5%. February’s reading marked the lowest inflation rate since April 2022. Looking at the details of the release, prices for food and non-alcoholic beverages increased at a more moderate rate in February. Prices for transportation also increased at a slower pace.

Meanwhile, the trend pointed up, with annual average harmonized inflation coming in at 19.6% in February (January: 19.3%). In contrast, consumer price inflation fell to 18.7% in February, from the previous month’s 20.0%.

Lastly, harmonized consumer prices rose 0.66% in February over the previous month, picking up from the 0.63% increase logged in January. February’s uptick was the highest reading since October 2022.