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Inflation in Armenia in August was 4.8% in comparison to August 2010

YEREVAN, August 31. /ARKA/. Inflation in Armenia in August 2011 compared to the same period in 2010 was 4.8%, Armenian National Statistic Service informed. This figure is mainly due to rising prices of food products (including alcoholic drinks and cigarettes) by 6.9% and non-food products – 3%.

In August 2011 compared to August 2010 prices for services increased by 2.1%.

Consumer price index in January-August 2011 compared to the same period of 2010 was 108.8%, including food products – (alcoholic drinks and cigarettes) – 113.2% , non-food products -103.1% and services – 104.3%.

In January-August monthly decline of consumer prices was 0.03% instead of average monthly growth of 0.6% for the same period of the last year.

In August compared with July consumer index reduced by 0.6%. Prices for food products (including alcoholic drinks and cigarettes) reduced by 1%, non-food products – 0.1% and services increased by 0.1%.

In August compared to July in all the studied cities of the country consumer prices reduced by 1.4-0.1%, the highest decrease was recorded in the city Martuni. Consumer prices reduced 0.6% in the same period in Yerevan .

According to the state budget, inflation in Armenia was planned for 2011 on the level of 4% (±1.5%).–0—

August 2011
August 2011 to December 2010 August 2011 to August 2010 January-August to 2011 January-August 2010 August 2011 to June 2011
Index of consumer prices – total 99.8 104.8 108.8 99.4
Consumer goods 98.8 106.0 110.9 99.2
Food products 97.6 107.5 114.5 98.8
alcoholic drinks and cigarettes 101.3 101.4 100.7 100.8
Non-food products 101.9 103.0 103.1 99.9
Services 102.2 102.1 104.3 100.1

Data of the Armenian National Statistic Service (in %)

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