Armenian inflation in June 2011 surges by 8.5% year-on-year

30.06.2011 17:09
Armenian inflation in June 2011 surges by 8.5% year-on-year

YEREVAN, June 30. / ARKA /. Armenian inflation in June 2011 surged by 8.5% year-on-year, driven up primarily by a 13.6% rise in the prices of foods, including alcoholic beverages and cigarettes, a 2.9% rise in non-foods prices and a 2.8% rise in services prices, according to the latest numbers, released Wednesday by Armenia’s National Statistical Service.

Consumer prices index (CPI) in the first six months of 2011 grew by 9.9% if compared to the first six months of 2010. Prices of foods were said to have risen by 14.8%, prices of non-foods by 3.1% and prices of services by 5%. The average monthly consumer price index in January-June 2011 was 0.6%, by a 0.1 percentage point lower from a year earlier.

At the same time CPI in June declined by 1.4% from May. During the reporting period of time prices for foodstuffs (including alcoholic beverages and tobacco) fell by 2.6%, while prices for industrial goods and tariffs for services increased by 0.1%. The government projected inflation rate for 2011 is 4% (±1,5%).  -0-

(%)

June

2011 June

June

2011versus December 2010

June

2011versus December 2010.

Jan. - June 2011 versus Jan.-June 2010 June

2011 versus 2011

Consumer prices Index

о

103.5 108.5 109.9 98.6
Consumer goods 104.0 111.2 112.1 98.0
Foods 104.9 115.0 116.2 97.1
Alcoholic beverages, tobacco goods 100.3 100.5 100.6 100.1
Non-foods 102.1 102.9 103.1 100.1
Services 102.4 102.8 105.0 100.1

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