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ARKA News Agency, Armenia
Feb 8 2008
4.4% inflation recorded in Armenia in 2007 with average inflation in
CIS being 10%
YEREVAN, February 8. /ARKA/. A 4.4% average annual inflation was
recorded in Armenia in 2007 against 2006, the Statistical Committee
of the Commonwealth of Independent States (CIS) reports.
According to the report, along with economic growth increase in
inflation has been recorded almost in all CIS countries; in a number
of countries inflation reached the highest level since 2000.
Substantial rise was recorded in prices for first need foodstuffs due
to increase in world prices for foodstuffs and due to reduction in
imports and insufficient volume of local production in certain
countries. The rise in prices for nonfoods continued despite the
market saturation. Prices for paid services for population and for
housing and public utilities in particular, increasingly grew in a
number of countries.
`The rise in prices for goods and services of daily needs affected
the living standards of households with low income at most,' the
report says.
According to the Statistical Committee, the rise in consumer prices
averaged 10% in CIS countries in the period.
In fact, the lowest inflation level in CIS countries covered by the
report has been recorded in Armenia.
In 2007, maximum increase in consumer prices was recorded in
Tajikistan (21.5%) followed by Azerbaijan (16.7%), Ukraine (12.8%),
Moldova (12.3%), Kazakhstan (10.8%), Kyrgyzstan (10.2%), Georgia
(9.2%), Russia (9%) and Belarus (8.4%).
Other CIS countries are not covered by the report of the CIS
Statistical Committee.-0--
Feb 8 2008
4.4% inflation recorded in Armenia in 2007 with average inflation in
CIS being 10%
YEREVAN, February 8. /ARKA/. A 4.4% average annual inflation was
recorded in Armenia in 2007 against 2006, the Statistical Committee
of the Commonwealth of Independent States (CIS) reports.
According to the report, along with economic growth increase in
inflation has been recorded almost in all CIS countries; in a number
of countries inflation reached the highest level since 2000.
Substantial rise was recorded in prices for first need foodstuffs due
to increase in world prices for foodstuffs and due to reduction in
imports and insufficient volume of local production in certain
countries. The rise in prices for nonfoods continued despite the
market saturation. Prices for paid services for population and for
housing and public utilities in particular, increasingly grew in a
number of countries.
`The rise in prices for goods and services of daily needs affected
the living standards of households with low income at most,' the
report says.
According to the Statistical Committee, the rise in consumer prices
averaged 10% in CIS countries in the period.
In fact, the lowest inflation level in CIS countries covered by the
report has been recorded in Armenia.
In 2007, maximum increase in consumer prices was recorded in
Tajikistan (21.5%) followed by Azerbaijan (16.7%), Ukraine (12.8%),
Moldova (12.3%), Kazakhstan (10.8%), Kyrgyzstan (10.2%), Georgia
(9.2%), Russia (9%) and Belarus (8.4%).
Other CIS countries are not covered by the report of the CIS
Statistical Committee.-0--