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CENTRAL BANK: ONE-PERCENT INFLATION IN ARMENIA IN MAY, COMPARED WITH APRIL
/ARKA/
June 17, 2010
YEREVAN
One-percent inflation was reported in Armenia in May, compared with
April, the board of the Central bank of Armenia says.
As a result, the 12-month inflation rate lowered by 0.5 percentage
points in May, compared with the previous month, to 6.3%.
The board also placed on record that food prices rose 1.8% adding
1.0 percentage points to inflation and nonfood prices climbed 0.9%
driving inflation rate 0.15 points up, while services became 0.2%
cheaper (0.1 points).
Decrease in prices for services was mainly due to fall in air fares.
Prices for confectionery, meat products, shoes, clothes and textile
rose as well adding 0.2 percentage points to inflation.
Instead, prices for eggs and sugar went down curbing inflation.
According to National Statistical Service of Armenia, the country
faced 7.6% inflation in Jan-May 2010, compared with the same period
of the previous year.
One-percent inflation was recorded in Armenia in May, compared
with April.
Consumer price index was 105.3% in May 2010, compared with December
2009.
In the 2010 state budget, the annual inflation is planned at 4%
(±1.5%).
From: A. Papazian
/ARKA/
June 17, 2010
YEREVAN
One-percent inflation was reported in Armenia in May, compared with
April, the board of the Central bank of Armenia says.
As a result, the 12-month inflation rate lowered by 0.5 percentage
points in May, compared with the previous month, to 6.3%.
The board also placed on record that food prices rose 1.8% adding
1.0 percentage points to inflation and nonfood prices climbed 0.9%
driving inflation rate 0.15 points up, while services became 0.2%
cheaper (0.1 points).
Decrease in prices for services was mainly due to fall in air fares.
Prices for confectionery, meat products, shoes, clothes and textile
rose as well adding 0.2 percentage points to inflation.
Instead, prices for eggs and sugar went down curbing inflation.
According to National Statistical Service of Armenia, the country
faced 7.6% inflation in Jan-May 2010, compared with the same period
of the previous year.
One-percent inflation was recorded in Armenia in May, compared
with April.
Consumer price index was 105.3% in May 2010, compared with December
2009.
In the 2010 state budget, the annual inflation is planned at 4%
(±1.5%).
From: A. Papazian