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Armenia posts deflation of 0.6% in Feb

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  • Armenia posts deflation of 0.6% in Feb

    09.03.2004 09:02:00 GMT
    Armenia posts deflation of 0.6% in Feb

    Yerevan. (Interfax) - Consumer prices in Armenia fell 0.6% in
    February, owing to a seasonal drop in prices for food and tobacco and
    a 0.1%-decrease in service charges, the National Statistical Service
    told Interfax.

    Nonfood prices were unchanged in February, the service said.

    Armenia had inflation of 2.5% in January 2004 and 8.6% in the whole of
    2003. The government is targeting inflation of not more than 3% this
    year as a whole.
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