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Inflation In Armenia Hits 9.9% In May, Year-On-Year

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  • Inflation In Armenia Hits 9.9% In May, Year-On-Year

    INFLATION IN ARMENIA HITS 9.9% IN MAY, YEAR-ON-YEAR

    RIA Novosti
    June 2 2008
    Russia

    YEREVAN, June 2 (RIA Novosti) - Consumer prices in Armenia grew 9.9%
    in May, year-on-year, the national statistics service said on Monday.

    Food prices increased 1%, compared with April this year, while non-food
    prices grew 1.3%, and tariffs for services climbed 21%.

    The prices of gasoline and diesel fuel soared to 5.7% and 7.5%,
    compared with April this year, respectively.

    The Armenian government's inflation target for 2008 is 4%.
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