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. Last Updated: 07/27/2016

Inflation Hits New Low

VILNIUS, Lithuania -- Analysts hailed Lithuania's July headline inflation rate of 5.1 percent, the lowest ever for the Baltic state, but warned Friday of lurking dangers that threaten to derail the government's 6 percent year-end estimate.

The Lithuanian statistics department released July data on Friday showing consumer prices grew 0.2 percent month-on-month after contracting 0.5 percent in June, when year-on-year inflation was 6 percent.

"To get inflation down to 5 percent is excellent. It is much lower than most countries in Central Europe, where inflation is still in double digits," Merrill Lynch analyst Andrew Kenningham said.