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Inflation Makes 4.8% In Armenia In January-March 2008

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  • Inflation Makes 4.8% In Armenia In January-March 2008

    INFLATION MAKES 4.8% IN ARMENIA IN JANUARY-MARCH 2008

    Noyan Tapan
    April 1, 2008

    YEREVAN, APRIL 1, NOYAN TAPAN. 4.8% inflation was registered in
    Armenia's consumer market in January-March 2008, with inflation making
    1.4% in March on February, which had a direct impact on the notable
    rise in prices of some goods.

    According to the RA National Statistical Service, food commodity prices
    (including alcoholic drinks and cigarettes) grew by 1.8% in March
    on February 2008. The overall price level remained unchanged in the
    nonfood commodity market, while tariffs of services increased by 1.1%
    in the indicated period.

    Growth tendency of bread, flour, butter and vegetable oil prices
    continued in the country. The indicated foodstuffs make up 13.91%
    of the consumer basket and have an overall inflation of 7.8%. They
    contributed by 1.08% to the overall growth of consumer prices in
    March. Without the price changes of these foodstuffs, the consumer
    price index would have made 100.3% instead of 101.4% registered in
    the indicated period.

    The consumer price index made 104.8% in March 2008 as compared with
    December 2007, including the index of food commoities (including
    alcoholic drinks and cigarettes) - 106.5%, of nonfood commodities -
    101.1%, of service tariffs - 103.7%. The consumer price index made
    109.6% in March 2008 on March 2007, including that of food commodities
    (including alcoholic drinks and cigarettes) - 113.1%, of nonfood
    commodities - 104.7%, of service tariffs - 105.7%. The same indices in
    January-March 2008 on January-March 2007 made 107.9%, 110.7%, 104.5%
    and 104.5% respectively.

    The consumer price index in March 2008 as compared with 2005 made
    117.7%, including the index of food commodities (including alcoholic
    drinks and cigarettes) - 123.7%, of nonfood commodities - 106.1%,
    of service tariffs - 113.3%.
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