Lithuania inflation increases in March

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Lithuania's consumer price inflation increased sharply in March, figures from the Vilnius-based Statistics Lithuania (LS) showed on Friday.

The consumer price index (CPI) rose 15.7% year-on-year in March, following a 14.2% increase in February.

Prices for consumer goods grew 17.9% and those for services rose by 10.5%. Housing, water, electricity, gas and other increased 37.5% yearly in March.

Transport cost grew 22.1% and hotels, cafes and restaurants surged 12.6%. Prices for furnishing, household equipment and routine maintenance of houses, and miscellaneous goods and services gained by 13.2% and 12.4%, respectively.

On a monthly basis, consumer prices grew 2.4% in March, following a 1.8% rise in the prior month.

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