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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-

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