Consumer Prices In Lithuania Increase 0.8 Percent

Forbes (VILNIUS)- In Lithuania the projected consumer prices are set to rise by 0.8 percent in January compared with December, BNS news agency reported, citing the Statistics Department. The annual inflation rate forecast is at 9 percent this month and the average annual inflation rate at 6.2 percent, it said. Bronislava Kaminskiene, head of the department's Econometric Research Unit, stated, “Big discounts on clothes and footwear have offset rises in prices for other groups of goods and services, such as food, alcohol, housing and transport. The rises were quite sharp due to increased excise duties on motor fuel and alcohol and hikes in heating and natural gas prices." (Reliability: 8)