Inflation still high for euro adoption

  • 2012-06-13
  • From wire reports
VILNIUS - Lithuania’s inflation rate was the slowest in 20 months in May as increases in food and beverage prices eased, reports Bloomberg. Consumer prices rose 2.5 percent from a year earlier, compared with a 3.2 percent increase in April, Statistics Lithuania said on June 8. The median estimate of five economists in a Bloomberg survey was for a 2.6 percent increase. Prices increased 0.1 percent from the previous month.Decelerating inflation will help shore up Lithuania’s domestic consumption and economic expansion, which slowed to 3.9 percent in Q1. Improving inflation e...
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