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First quarter inflation is 1.5 percent in Armenia

YEREVAN, March 5. /ARKA/. First quarter inflation in Armenia was 1.5%, according to official statistics.

Food products, including alcoholic beverages and tobacco products increased by 2.6% in January-March 2019 as opposed to January-March 2018, while prices for non-food products and services increased by 0.8% and 0.4%, respectively.

In March 2019, consumer prices rose by 1.9%, when compared to March 2018, while prices for food products, including alcoholic beverages and tobacco products, increased by 3.5%. Prices for non-food products and services grew by 0. 9% and 0.1%, respectively.

According to the National Statistical Committee, in March consumer prices rose by 0.1% compared with February. The Armenian Central Bank’s inflation projection for 2019 is 4% (± 1.5%). -0-

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