Analytics, Economics, Inflation, Lithuania
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Jurgita Jurgutyte: slowing economy stabilizes inflation in Lithuania
Danuta Pavilenene, BC, Vilnius, 11.08.2008.
Print version
Print versionThe slowing economic growth and the weakening consumer habits also gradually stabilize the dynamic increase of prices. In July 2008, the annual inflation of Lithuania amounted to 12.2%, a decrease of 0.3% compared to the inflation in June; monthly inflation was 0.4% and the average annual inflation constituted 9.7%.
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| Jurgita Jurgutyte. |
These figures exceeded the expected results of the forecasters, since the majority of the experts announced greater figures, reports ELTA.
Hansa expert Jurgita Jurgutyte states that the annual inflation should become stabilized, since the slowdown of economy and the pessimistic view of residents, as well as the lesser demand, will stop the increase in prices. Despite that, the temporary tranquility in the last quarter of 2008 might be disturbed by the boost in heating prices.
According to the expert, the increase in heating price will add about 1.5% to the annual inflation.
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