Tue, 3 February
6.1 C
Yerevan
USD: 378.44 RUB: 4.93 EUR: 446.07 GEL: 140.62 GBP: 516.76

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

EBRD invested record €426 million in Armenia in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €426 million in the Armenian economy in 2025 through 26 projects, the bank's press service reported.

Maldives trips and Apple devices awarded to loyal Byblos Bank Armenia customers

On January 30, the “Your Turn to Win” campaign organized for Byblos Bank Armenia Mastercard cardholders concluded.

Austrian insurance group GRAWE interested in entering the insurance business in Armenia

The Austrian insurance firm GRAWE is keen on entering the Armenian insurance market.

Armenia’s Financial System in January 2026: Balancing Monetary Policy, Credit Growth, and Debt Sustainability

In January, Armenia's financial system evolved within the macroeconomic and monetary-credit frameworks previously established. The monetary policy adhered to the parameters set for late 2025, the banking sector continued to enhance credit intermediation, and debt policy remained a priority for financial authorities and investors.

Board of the Central Bank of Armenia left the refinancing rate unchanged at 6.50%

At its meeting on February 3, the Board of the Central Bank of Armenia kept the refinancing rate at 6.50%.

LATEST NEWS

spot_imgspot_imgspot_img