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Armenian inflation rises further by 1.9% in February

YEREVAN, March 2, /ARKA/. Armenia’s inflation rose further by 1.9% in February from the previous month driven primarily by growing food prices, including cigarettes and alcoholic drinks, which upped by 1.5% and service prices which grew by 3.4%, according to the latest numbers, released by the National Statistical Service. Prices of non-foods goods rose by 0.6%.

Consumer price index (CPI) in February rose by 12.4% from 2010 February. Food prices rose by 17.3%, non-foods by 5.4% and service prices by 7.5%. Consumer prices in February 2011 rose from 0.9% to 3.3% in the surveyed towns. The highest growth index was registered in Talin. In Yerevan consumer prices rose by 1.6%. The government projected 4% (±1,5% inflation index for 2011. -0-

(%)

2011
Feb. against December

2010

Feb. against 2010 Feb. Feb. 2005
CPI, total 104.8 112.4 144.2
Consumer goods 105.3 114.6 143.9
Foods 107.0 118.8 154.3
Alcoholic drinks, tobacco products 100.1 101.5 104.0
Non-foods 101.1 105.4 127.5
Services 103.6 107.5 145.0
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