6.3% year-on-year inflation recorded in Armenia in July 2011

02.08.2011 17:49
6.3% year-on-year inflation recorded in Armenia in July 2011

YEREVAN, August 2. /ARKA/. Inflation in Armenia was recorded at 6.3% in July 2011, compared with the same month a year earlier, National Statistical Service of Armenia reported on Tuesday.

This inflation was mainly due to 9.6% hike in food, alcohol and tobacco prices and 3.1% rise in prices for nonfoods.

Prices for services climbed 2.3% in July 2011, compared with the same month a year earlier.

Year-on-year consumer price index was recorded at 109.4% in Jan-July 2011.

Index for foods, alcoholic drinks and cigarettes was 114%, and non foods 104.6%.

Average monthly increase in consumer prices was 0.1% - 0.4 percentage points lower than that of the same period a year before (0.5%).

However, consumer price index in July 2011, compared with the previous month, went 3% down.

Food, alcohol and tobacco prices slipped 5.4% in Jan-July 2011, compared with the same period a year earlier.

Services became cheaper as well – 0.2% decrease. Prices for nonfoods remained unchanged.

According to the statistical report, consumer prices went 4.1-2.2% down in all the Armenian cities under review.

Talin accounted for the most dramatic price fall.

In Yerevan, consumer prices went 3% down.

In the 2011 government budget the annual inflation is projected at 4% (±1.5%). -0-

(%)

July 2011
July 2011 compared to Dec 2010 July 2011 to July 2010 Jan-July 2011 to Jan-July 2010 July 2011 to June 2011
Consumer price index - total 100.4 106.3 109.4 97.0
Consumer products 99.6 108.1 111.6 95.8
Foods 98.8 110.6 115.4 94.1
Alcoholic drinks and cigarettes 100.5 100.7 100.6 100.2
Nonfoods 102.1 103.1 103.1 100.0
Services 102.2 102.3 104.6 99.8

National Statistical Service of Armenia


Tags: , Новости Армении АМИ Новости-Армения

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