A lower bound

is obtained to the rate-distortion function

of a finite-alphabet stationary source with respect to a context-dependent fidelity criterion. For equiprobable memoryless sources and modular distortion measures,

for all

. It is conjectured that, for a broad class of finite-alphabet sources and context-dependent fidelity criteria, there exists a critical distortion

such that

for

. The case of a binary source and span-2 distortion measure is treated in detail. Among other results a coding theorem is proved that establishes that

, where

is the golden ratio,

.