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Consumer Prices Increase By 5.2% In Armenia In 2008

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  • Consumer Prices Increase By 5.2% In Armenia In 2008

    CONSUMER PRICES INCREASE BY 5.2% IN ARMENIA IN 2008

    Noyan Tapan
    http://www.nt.am?shownews=1011099
    Jan 8, 2008

    YEREVAN, JANUARY 8, NOYAN TAPAN. The consumer price index made 105.2%
    in Armenia in December 2008 on December 2007, including the index of
    food commodity prices (including alcoholic drinks and cigarettes) -
    103.3%, of nonfood commodity prices - 100.2%, and of service tariffs
    - 111.4%.

    According to the RA National Statistical Service, there was a notable
    fall in prices of bread, flour, gasoline and diesel fuel in Armenia
    in November-December 2008. Making up 14.23% of the consumer basket
    and showing an overall fall of 12.3%, these commodities contributed
    to a fall of the general level of consumer prices by 2.1 percentage
    points in the indicated period. Without the price changes of the above
    mentioned commodities, the consumer price index would have made 106.9%
    instead of 105.2% in December 2008 on December 2007.

    The average monthly growth of consumer prices in January-December 2008
    made 0.4%, which was lower by 0.1 percentage points as compared with
    the index of the same period of 2007. The consumer price index made
    109% in January-December 2008 as compared with January-December 2007,
    including the index of food commodity prices (including alcoholic
    drinks and cigarettes) - 110%, of nonfood commodity prices - 105.1%,
    and of service tariffs - 109%.

    A 0.1% inflation was recorded in Armenia's consumer market in
    December on November 2008, which was mainly the result of seasonal
    fluctuations of prices of some foodstuffs. Food prices (incliding
    prices of alcoholic drinks and cigaretted) grew by 0.7%, nonfood
    commodity prices fell by 2.3%, service tariffs grew by 0.2%.
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