Lithuania: Inflation slows for the first time in five months
July 11, 2011
In June, consumer prices edged down 0.1% over the previous month (May: +0.7% month-on-month), which represents the first negative reading since August 2010. The monthly contraction was driven by lower prices for food and non-alcoholic beverages (-0.8% mom), clothing and footwear (-0.3% mom), as well as for transport (-0.1% mom). As a result of the monthly decline, annual headline inflation slowed from 5.0% in May to 4.8% in June, breaking the upward trend in place since February. In contrast, annual average HICP inflation (based on the harmonized index of consumer prices) stepped up to 3.2% in June from 2.8% in the previous month.