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Food Prices In Armenia Rising Three Times Faster Than Salaries

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  • Food Prices In Armenia Rising Three Times Faster Than Salaries

    FOOD PRICES IN ARMENIA RISING THREE TIMES FASTER THAN SALARIES

    PanARMENIAN.Net
    August 2, 2011

    PanARMENIAN.Net - Consumer prices index in January - July 2011 as
    against similar period of 2010 amounted to 109,4% (9,4% inflation),
    moreover food prices rate totaled 15,4%, according to Gurgen
    Martirosyan, head of Price Statistics and International Comparisons
    Division at the RA National Statistics Service.

    Martirosyan stressed that the growth of salaries in June 2011 as
    against June 2010 stood at 4,9%.

    "3$ deflation was recorded at consumers market in July as compared to
    June. Besides, food products prices drop comprised to 5,9%, first of
    all, due to fall in vegetable, potato and fruit prices," the expert
    told a press conference in Yerevan.

    Martirosyan also noted that, traditionally, consumers market undergoes
    deflation in July and August. Particularly, from 1994, a deflation
    was fixed in July, while in August starting from 1997 up to 2009,
    the exception was only 2010.

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