Fri, 1 August
32.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Armenian 2011 may inflation grows by 9% year-on-year

YEREVAN, May 31. /ARKA/. The inflation in 2011 May grew by 9% year-on-year, the National Statistical Service of Armenia reported today, saying the growth was due to a 14.7% rise in food prices and a 2.5% rise in service prices. The prices of non foods in the period of time under review were said to have risen by 2.4%

Consume price index (CPI) in January-May 2011 rose by 10.2% from a year earlier, including a 15% rise in food prices, a 5.4% in service prices and a 3.1% rise in non-foods prices. Consume prices rose on average by 0.98% a month in January-May 2011, by 0.06 p.p. higher than in the same time span of last year.

In May consume price index did not change if compared to 2011 April. Food prices did not change either while prices of non-foods rose by 0.5% and those of services dropped by 0.1%. The government inflation projection for 2011 is 4% (±1.5%). -0-

(%)

May 2011
May

2011 versus December 2010

May 2011 versus May 2010 Jan.-May 2011 versus Jan.-May 2010 May

2011 versus April 2011

Total consumer price index 105.0 109.0 110.2 100.0
Consumer goods 106.1 111.9 112.3 100.1
Foods 108.0 116.2 116.5 100.0
Alcoholic drinks, tobacco produces 100.2 100.4 100.7 100.0
Non-foods 102.0 102.4 103.1 100.5
Services 102.3 102.5 105.4 99.9
spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

LATEST NEWS

spot_imgspot_imgspot_img