European Economic News

Lithuanian Inflation Weakens For Fourth Month

Lithuania's annual inflation weakened for the fourth successive month in April, data released by the Department of Statistics showed Thursday.

The consumer price index rose 1.2 percent year-on-year in April, slower than the 1.5 percent gain seen in March. The rate of growth has weakened for the fourth month in a row.

The annual growth in prices reflected a 1.2 percent gain in food and non-alcoholic beverages prices, and a 2.3 percent rise in prices of clothing and footwear. Contributing to the overall price growth, housing costs and utility prices moved up 1.5 percent from a year earlier. Meanwhile, there was a 0.9 percent year-on-year decrease in transportation costs.

The consumer price index moved up a seasonally adjusted 0.3 percent compared to March, when they recorded a similar growth, the agency said.

by RTTNews Staff Writer

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