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Business: Annual Inflation Makes 4.8% As Of August Thursday

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  • Business: Annual Inflation Makes 4.8% As Of August Thursday

    ANNUAL INFLATION MAKES 4.8% AS OF AUGUST THURSDAY

    Mediamax
    Sept 1 2011
    Armenia

    Yerevan/Mediamax/. As of August 2011, the inflation in Armenia made
    4.8% (6.3%-July index) against August 2010.

    Foodstuffs rose in price by 7.5%, nonfoods - by 3% and service tariffs
    - by 2.1% against the same period of 2010.

    In January-August 2011, the inflation made 8.8%, index of foodstuffs
    made 114.5%, nonfoods- 103.1%, service tariffs - 104.3% against the
    same period of 2010, Mediamax reports quoting the Armenian National
    Statistical Service.

    As of August 2011, the index of consumer prices in Armenia decreased
    by 0.2 percentage points against December 2010.

    As of August 2011, prices on the Armenian consumer market decreased
    by 0.6% against July. Foodstuffs prices decreased by 1%, nonfoods
    prices decreased by 0.1%, and 0.1% increase in tariffs is registered
    in the service sphere.

    The decrease in foodstuffs prices against July is mainly conditioned
    by decrease in fruit, vegetables, potatoes and grain products prices.

    Increase in petrol and diesel oil prices against July made 0.1% and
    0.2% respectively. As compared to August 2010, petrol and diesel oil
    in Armenia rose in price by 24.6% and 29.9% respectively.


    From: Baghdasarian
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