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Food Prices Rise By 2.8% In Armenia In December 2007

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  • Food Prices Rise By 2.8% In Armenia In December 2007

    FOOD PRICES RISE BY 2.8% IN ARMENIA IN DECEMBER 2007

    Noyan Tapan
    Jan 9, 2008

    YEREVAN, JANUARY 9, NOYAN TAPAN. 2.8% rise in food prices in Armenia in
    December on November 2007 was mainly conditioned by 0.1-23.8% inflation
    registered in 10 out of the 13 food commodity groups under observation.

    According to the RA National Statistical Service, there was a 5.4%
    price fall in the commodity group of vegetables and potato in December
    2007 on December 2006 and 23.8% price growth - in December on November
    2007. Prices of garlic, beet, potato, carrot, onion, cauliflower
    rose by 1.6-29%, prices of tomato and cucumber grew 2fold and 1.9fold
    respectively in December on November 2007.

    97.9% inflation was registered in the commodity group of fish products
    in December 2007 on December 2006, 9.7% inflation - in December on
    November 2007.

    16% inflation was registered in the fruit commodity group in December
    2007 on December 2006, 10.2% inflation - in December on November
    2007, which was mainly due to a rise in prices of apple (11.9%),
    pear (19.4%), grapes (19%), pomegranate (24.6%), blood orange
    (37.7%). Prices of tangerine, orange and banana fell by 1-20.1%
    in the indicated period.

    The average price of eggs fell by 9.4% in December 2007 on December
    2006 and grew by 3.8% in December on November 2007.

    2.7% inflation was registered in the commodity group of meat products
    in December 2007 on December 2006, 0.1% inflation - in December on
    November 2007, which was mainly due to a rise in prices of pork (0.8%),
    ham (1.2%), sausages (1.9-5.5%). Beef and mutton prices fell by 0.7%
    and 0.5% respectively in the indicated period.

    0.2-1.1% inflation was registered in the commodity groups of coffee,
    tea, cocoa, bread products, confectionery, milk products, soft
    drinks in December on November 2007. There was 29.2% inflation
    in the commodity group of butter and vegetable oil in December
    2007 on December 2006, 4.5% price fall - in December on November
    2007. 71.9% overall growth in prices of vegetable (sunflower) oil
    in August-November 2007 was followed by a 5% price fall in December,
    while 47.3% overall growth in butter prices in May-November 2007 was
    followed by 7.1% price fall in December.

    Price of granulated sugar fell by 19.2% in Armenia in December 2007
    on December 2006 and by 1.4% in December on November 2007.

    0.1% price fall was registered in the commodity groups of other
    foodstuffs, alcoholic drinks and cigarettes in December on November
    2007.
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