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0.4% Deflation Recorded In Armenia In August Against July

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  • 0.4% Deflation Recorded In Armenia In August Against July

    0.4% DEFLATION RECORDED IN ARMENIA IN AUGUST AGAINST JULY

    ARKA
    Aug 31, 2009

    YEREVAN, August 31. /ARKA/. 0.4% deflation was recorded in Armenia
    in August against July.

    Prices for foodstuffs (including alcoholic drinks and tobacco products)
    fall 1.3% in the country in August against July, the RA National
    Statistical Service reported.

    In August against July prices for nonfoods and services grew by 0.3%
    and 0.8% respectively.

    At the same time, consumer price index was 102% in August as compared
    with December 2008.

    In August against December 2008 prices for foodstuffs (including
    alcoholic drinks and tobacco products) went 3.6% down; prices for
    nonfoods and services rose by 9.9% and 8.2% respectively.

    Monthly average increase in consumer prices was 0.2% in January-August,
    a reduction of 0.3pct as compared to the level of last year (0.5%).

    In August this year against August last year, consumer price index was
    103.5%: index for foodstuff prices was 99.1%, for nonfoods prices -
    104.6% and for service prices 110.5%.

    In January-August against the same period of last year the indices
    were 102.8%, 99.2%, 102.1% and 110.1% respectively.

    The Statistical Service reports that in August against the year 2005
    the consumer price index was 120.5%: 15.7% rise was recorded in prices
    for foodstuffs (including alcoholic drinks and tobacco products),
    15.7% rise was recorded in prices for nonfoods, and service prices
    rose by 31.7%.

    Acc ording to the statistical information, consumer prices dropped
    1.0-0.2% in all cities under study in August against July; the highest
    deflation was recorded in Vagharshapat and Talin. Consumer prices
    reduced 0.2% in the capital.

    Under the state budget, inflation was planned to be within 4% (±1.5%)
    by the end of this year.
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