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Food Prices Go Up 8.9% In Armenia In First Five Months Of 2008

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  • Food Prices Go Up 8.9% In Armenia In First Five Months Of 2008

    FOOD PRICES GO UP 8.9% IN ARMENIA IN FIRST FIVE MONTHS OF 2008

    Noyan Tapan
    http://www.nt.am/news.php?shownews=114022
    Ju ne 2, 2008

    YEREVAN, JUNE 2, NOYAN TAPAN. Food prices grew by 8.9% in Armenia
    in May 2008 on December 2007 and by 1% on April 2008. 0.4-11.8%
    inflation was registered in 9 out of the 13 commodity groups under
    observation in May on April 2008.

    According to the RA National Statistical Service, 11.8% price growth
    was registered in May on April 2008 and 1.3% fall - in May 2008
    on May 2007 in the fruit commodity group. Strawberry, pear, grape,
    lemon and tangerine prices rose by 8-21.3% in May on April 2008. At
    the same time there was a fall in prices of banana (13,2%) and apple
    (3.4%) in Armenia.

    Inflation in the commodity group of other foodstuffs made 10.2%
    in May 2008 on May 2007 and 7.7% in May on April 2008. The latter
    growth was mainly due to a 12.3% growth in salt price.

    There was a 3.7% growth in prices of soft drinks in May on April
    2008, mostly due to a 9.6% growth in price of "Jermuk" mineral water
    (in glass bottles).

    Inflation in the commodity group of bread products made 44.7% in May
    2008 on May 2007 and 2.3% in May on April 2008. The latter was mostly
    due to a growth in rice price (13.7%).

    The average price of granulated sugar fell by 11% in Armenia in May
    2008 on May 2007 and grew by 1.7% in May on April 2008.

    Butter and vegetable oil prices grew by 41.2% in May 2008 on May 2007
    and by 1.7% in May on April 2008. The latter growth was due to a rise
    in prices of butter (1.9%) and vegetable (corn) oil (1.7%).

    Inflation in the commodity group of coffee, tea and cocoa made 16%
    in May 2008 on May 2007 and 1.1% in May on April 2008. The latter
    growth was mainly due to a 1.4% growth in coffee price.

    Inflation in the meat commodity group made 5.5% in May 2008 on May
    2007 and 1% in May on April 2008. The latter increase was mainly due
    to a rise in prices of beef (1.9%), pork (3.2%) and mutton (6.3%).

    0.2-0.4% inflation was registered in the commodity group of alcoholic
    drinks, cigarettes and confectionery in May on April 2008.

    Prices in the commodity group of fish products fell by 14% in May
    on April 2008, mainly due to a 15.2% fall in the price of fresh
    white fish.

    Vegetable and potato prices fell by 5.1% in May on April 2008 and by
    26.5% in May 2008 on May 2007. There was a fall in prices of cucumber
    (60.7%), potato (20.6%), herbs (10.9%), cabbage (7.8%), garlic (5.8%),
    tomato (1.8%) in Armenia in May on April 2008. In parallel with it,
    onion, carrot, beet, green pepper and eggplant prices grew by 1.6-30%.

    The average price of eggs fell by 2.9% in Armenia in May on April 2008.
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