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Armenia deflation at 0.7% in July, inflation at 3.6% in 7 mths

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  • Armenia deflation at 0.7% in July, inflation at 3.6% in 7 mths

    ARMENIA DEFLATION AT 0.7% IN JULY, INFLATION AT 3.6% IN 7 MTHS

    Interfax News Agency
    Russia & CIS Business and Financial Newswire
    August 2, 2006 Wednesday 6:47 PM MSK

    Armenia posted deflation of 0.7% in July, while inflation was 3.6%
    since the beginning of the year, the National Statistics Service
    told Interfax.

    Foodstuffs, including alcohol and tobacco products, grew 3.9% in prices
    in the seven months. Non-foodstuff rose 2.2% and service tariffs were
    up 4%.

    According to the federal budget, Armenia expects inflation to be 3%
    in 2006. Armenia had deflation of 0.2% in 2005.
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