YEREVAN, August 2. /ARKA/. Inflation in Armenia was recorded at 6.3% in July 2011, compared with the same month a year earlier, National Statistical Service of Armenia reported on Tuesday.
This inflation was mainly due to 9.6% hike in food, alcohol and tobacco prices and 3.1% rise in prices for nonfoods.
Prices for services climbed 2.3% in July 2011, compared with the same month a year earlier.
Year-on-year consumer price index was recorded at 109.4% in Jan-July 2011.
Index for foods, alcoholic drinks and cigarettes was 114%, and non foods 104.6%.
Average monthly increase in consumer prices was 0.1% – 0.4 percentage points lower than that of the same period a year before (0.5%).
However, consumer price index in July 2011, compared with the previous month, went 3% down.
Food, alcohol and tobacco prices slipped 5.4% in Jan-July 2011, compared with the same period a year earlier.
Services became cheaper as well – 0.2% decrease. Prices for nonfoods remained unchanged.
According to the statistical report, consumer prices went 4.1-2.2% down in all the Armenian cities under review.
Talin accounted for the most dramatic price fall.
In Yerevan, consumer prices went 3% down.
In the 2011 government budget the annual inflation is projected at 4% (±1.5%). -0-
(%)
| July 2011 | ||||
| July 2011 compared to Dec 2010 | July 2011 to July 2010 | Jan-July 2011 to Jan-July 2010 | July 2011 to June 2011 | |
| Consumer price index – total | 100.4 | 106.3 | 109.4 | 97.0 |
| Consumer products | 99.6 | 108.1 | 111.6 | 95.8 |
| Foods | 98.8 | 110.6 | 115.4 | 94.1 |
| Alcoholic drinks and cigarettes | 100.5 | 100.7 | 100.6 | 100.2 |
| Nonfoods | 102.1 | 103.1 | 103.1 | 100.0 |
| Services | 102.2 | 102.3 | 104.6 | 99.8 |
National Statistical Service of Armenia
