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Consumer Prices Grow By 5.1% In Armenia In November 2007 On December

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  • Consumer Prices Grow By 5.1% In Armenia In November 2007 On December

    CONSUMER PRICES GROW BY 5.1% IN ARMENIA IN NOVEMBER 2007 ON DECEMBER 2006

    Noyan Tapan
    Nov 30, 2007

    YEREVAN, NOVEMBER 30, NOYAN TAPAN. The rise in prices of butter,
    vegetable oil, bread and flour contributed to an overall inflation
    of 4.53% in Armenia in November 2007 on December 2006. Without price
    changes in the indicated commodity groups, the consumer price index
    would have made 100.6% instead of 105.1% in the first eleven months
    of this year.

    A 2.1% inflation was registered in Armenia's consumer market in
    November on October 2007. According to the RA National Statistical
    Service, prices of foodstuffs (including alcoholic drinks and
    cigarettes) grew by 3% in the indicated period, prices of non-food
    commodities fell by 1.2%, while tariffs of services grew by 0.9%.

    A considerable increase in prices of bread, flour, butter and vegetable
    oil was registered in the country. These foodstuffs make up 13.91%
    of the consumer basket and contributed the growth of consumer prices
    by 0.13% to 2.1%.

    The average monthly fall in consumer prices made 0.5% in
    January-November 2007 against the 0.2% growth in the same period of
    last year.

    The consumer price index made 106.8% in November 2007 on November
    2006, including the consumer price index of food commodities
    (including alcoholic drinks and cigarettes) - 110.4%, of non-food
    commodities - 101.1%, of service tariffs - 103.6%. The same indices
    in January-November 2007 on January-November 2006 made 104.2%, 105.7%,
    99.2% and 104.3% respectively.

    From: Emil Lazarian | Ararat NewsPress
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