YEREVAN, July 7. / ARKA /. Armenia’s consumer prices in June 2015 were 5.5% higher from 2014 June, reaching the upper limit of the target band, according to the latest numbers, released today by the National Statistical Service (NSS)..

Food prices, including alcoholic drinks and tobacco products, grew by 5.2%, while non-food prices grew by 7% and services by 4.1%.

Consumer prices in the first six months of this year were 5.1% higher year-on-year, with food prices growing by 5.6%, non-food prices by 5.7% and services by 3.7%, NSS said.

At the same time, in June 2015 a deflation of 1.4% was recorded at the consumer market, if compared to the previous month of May, which was largely due to a 3% decrease in food prices.
The government’s projection of inflation for 2015 4% (± 1.5%). It also expects the GDP to grow by 4.1%. -0-