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Consumer Prices Decline By 0.8% In Armenia In August 2007 On Decembe

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  • Consumer Prices Decline By 0.8% In Armenia In August 2007 On Decembe

    CONSUMER PRICES DECLINE BY 0.8% IN ARMENIA IN AUGUST 2007 ON DECEMBER 2006

    Noyan Tapan
    Sep 3, 2007

    YEREVAN, SEPTEMBER 1, NOYAN TAPAN. The consumer price index made 99.2%
    in Armenia in August 2007 on December 2006, including the consumer
    price index of food commodities (including alcoholic drinks and
    cigarettes) - 97.6%, of non-food commodities - 100.2%, the index of
    service tariffs - 101.4%. The average montly fall in consumer prices
    made 0.1% in January-August 2007 against an increase of 0.3% in the
    same period of last year.

    The price fall tencdency registered in June continued in the
    Armenian consumer market in August 2007: the overall price fall
    over the last three moths made 4.9%. According to the RA National
    Statistical Service, consumer prices fell by 1.5% in the country in
    August on July, mainly due to seasonal fluctuations of prices of some
    foodstuffs. During the indicated period, prices of food commodities
    (including alcoholic drinks and cigarettes) fell by 2.7%, of non-food
    commodities - by 0.5%, while service tariffs grew by 0.2%.

    The consumer price index made 101.6% in August 2007 on August 2006,
    including that of food commodities - 102%, of non-food commodities -
    98.1%, of service tariffs - 102.9%. The same indices in January-August
    2007 as compared with January-August 2006 made 103.9%, 104.9%, 99.2%
    and 104.7% respectively.
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