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Lithuania: Inflation hits over 1 year high in August

Christian Fernsby |
Consumer prices rose 0.40% in August over the previous month, a smaller increase than July's 0.71% rise.

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August's result marked the softest rise in prices since February. The reading was driven by moderating price pressures for transportation and housing and utilities. In addition, prices for alcoholic beverages and tobacco flatlined.

Inflation came in at 5.3% in August, which was up from July’s 4.7%. August's result was the highest inflation rate since April 2009. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.0% in August (July: 1.7%). Lastly, harmonized inflation rose to 5.0% in August, from the previous month's 4.3%.

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