0.3 percent annual deflation recorded in Lithuania

In 2014, consumer goods got cheaper by 1.1 percent, while prices of services grew by 2.4 percent. Annual deflation in December is a rather rare phenomenon. Since 1991, Lithuania has seen annual deflation only two times: in 2002 (1 percent) and in 2003 (1.3 percent).

Average annual inflation calculated in terms of harmonized index of consumer prices (HICP) amounted to 0.2 percent and was by 1 percentage point lower than in 2013 and by 0.4 percentage point smaller than in the European Union.

Related Post

Provisional data shows that the EU saw average annual inflation of 0.6 percent which was by 0.9 percent point smaller than that of 2013. A total of 16 member-states observed bigger average annual inflation than in Lithuania.

Share

Recent Posts

  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 days ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

1 week ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 weeks ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 weeks ago
  • Tribune

The Citus projects: The Kaip Niujorke by CITUS project continues – the spirit of New York unfolds in Vilnius, and the second phase is launching

In September, Citus – a creative real estate projects’ development and placemaking company – began…

2 weeks ago
  • Latest

These parties will enter the Seimas for the third time in a row. How many votes did they lose, and how many did they gain?

As various parties emerge, disappear or reorganize themselves in the political space, the Lithuanian Social…

3 weeks ago