In Lithuania, annual inflation decreased to 10.7% in May, with the downward trend continuing for the eighth month in a row, according to the rapid assessment data of the State Data Agency published on Monday.
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The main driving force of annual inflation was the increase in the price of food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, as well as various goods and services, hotels and catering services.
In May, the annual average inflation in Lithuania reached 18.4%, while a month-on-month deflation was registered in the amount of 0.1%, according to the quick assessment. A month-on-month drop in consumer prices was recorded in Lithuania for the first time since November 2021.
In April, the annual inflation in Lithuania was 14.5%, the annual average inflation was 20.4%, while consumer prices remained stable compared to the month.
2023-05-29 08:14:18
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