Food prices in 2011 grow by 12.2 percent

YEREVAN, December 11. /ARKA/. Food prices in Armenia in 2011 grew by 12.3%, Gurgen Martirosyan, head of a department of National Statistical Service of Armenia, said to a news conference today. He said the 12 month inflation in 2011 advanced 7.7% if compared with 2010 with prices of consumer goods increasing by 12.3% and those of non-consumer goods by 3.4%, while prices of services increased by 3.6%.

Martirosyan said that inflation in Armenia in December 2011 was 4.7% with consumer prices rising by 6.1%, non-consumer prices by 4.3% and services by 2.9%. Martirosyan said also the price of sugar saw the highest growth in the 12-month period jumping by 35.4%. He said prices of coffee, tea and cocoa grew by 18.9%, prices of meat products increased by 12.7% and prices of confectionery products by 12.9%, while prices of dairy products by 6.9%, prices of fish products grew by 1.6% , that of bread by 2.3%, prices of alcoholic beverages and tobacco products grew by 2.2% and soft drinks by 1.7%.

However, prices of eggs dropped by 0.3%, those of fruits by 12.3% and prices of vegetables and potatoes declined by 1%. -0-

spot_img

POPULAR

A mechanism for restructuring banks instead of liquidation has been introduced in Armenia

At an extraordinary meeting on Friday, the National Assembly of Armenia adopted the law “On Bank Restructuring” and a number of related laws in the second and final reading.

Financial adventures lead to great victories: the results of the 4th Junius online tournament have been announced

Intense competition, new discoveries, and useful leisure time—these are the characteristics that best describe the Junius online financial tournament, so beloved by children.

Inflation of 5.1% recorded in Armenia in June

In the Armenian consumer market, 12-month inflation in June of this year amounted to 5.1%, according to a report from the Statistical Committee of Armenia.

EBRD to Launch AMD 5 Billion Floating-Rate Bond Offering in Armenia

The European Bank for Reconstruction and Development (EBRD) is set to launch a new AMD 5 billion floating-rate bond issuance in the Armenian capital market, reaffirming its commitment to supporting the development of local currency financing and deepening Armenia’s financial markets.

VTB (Armenia) sponsored the Armenian edition of Alexandre Dumas’s celebrated novel “The Three Musketeers”

With the financial support of VTB (Armenia), Newmag Publishing House presented a new edition of Alexandre Dumas's novel "The Three Musketeers."

LATEST NEWS

spot_imgspot_imgspot_img