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Deflation 2.7% In Armenia In July Against June

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  • Deflation 2.7% In Armenia In July Against June

    DEFLATION 2.7% IN ARMENIA IN JULY AGAINST JUNE

    ARKA
    Aug 3, 2009

    YEREVAN, August 3. /ARKA/. A 2.7% deflation was recorded in Armenia
    by June 2009.

    Armenia's National Statistical Service reported that deflation was 2.7%
    in July against June.

    Foodstuff (including alcoholic drinks and tobacco products) prices
    fell by 5.2% in July against June; nonfoods and service prices went
    up by 0.5% and 0.1% respectively.

    Consumer price index was 102.4% in July against December 2008.

    In January-July, prices for foodstuffs (including alcoholic drinks
    and tobacco products) went 2.3% down; nonfoods and service prices
    reduced 9.6% and 7.4% respectively.

    Monthly average rise in consumer prices was 0.3% in January-July - a
    reduction of 0.3% as compared with the same period of last year (0.6%).

    Consumer price index was 103.1% in July this year against July 2008:
    index of prices was 99% for foodstuffs (including alcoholic drinks and
    tobacco products), 104.6% for nonfoods and 109.7% for services. In
    January-July against the same period of last year, these indicators
    were 102.7%, 99.2%, 101.8% and 110% respectively.

    According to the Statistical Service, consumer price index was 120.9%
    in July against 2005: price rise was 17.2% for foodstuffs (including
    alcoholic drinks and tobacco products), 15.3% for nonfoods and 30.7%
    for services.

    The statistics show that consumer prices fell by 3.9-2.0% in all
    cities under review in July against June with20the highest inflation
    level recorded in the city of Vanadzor. Consumer prices fell by 2.4%
    in the capital.

    According to the state budget, inflation is expected to be at 4%
    (±1.5%) in Armenia by the end of 2009.
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