Lithuania Inflation Rate Falls in January
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Lithuania's annual inflation rate slowed to 0.7% in January from 1.2% in the previous month, data from the Vilnius-based Statistics Lithuania (LS) on Wednesday show. It was the lowest inflation rate since February 2021.
Prices tumbled for food & non-alcoholic beverages (-0.3% vs 0.1% in December) and clothing & footwear (-0.7% vs 0.1%) while continued to fall for housing & utilities (-12.1% vs -10%).
Moreover, costs slowed for alcoholic beverages & tobacco (6% vs 6.1%), home furnishings, household equipment & daily home maintenance (0.9% vs 2.6%), recreation & culture (1.5% vs 1.8%), and miscellaneous goods & services (5.3% vs 6.7%).
Meanwhile, prices increased at a faster pace for health (10.3% vs 9.4%), education (6.6% vs 5.2%), and hotels, cafes & restaurants (9.5% vs 7.7%). On a month-on-month basis, consumer prices rose 0.3% in January, rebounding from a 0.5% fall in the previous month.
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