ARMENIA DEFLATION AT 0.7% IN JULY, INFLATION AT 3.6% IN 7 MTHS

Interfax News Agency
Russia & CIS Business and Financial Newswire
August 2, 2006 Wednesday 6:47 PM MSK

Armenia posted deflation of 0.7% in July, while inflation was 3.6%
since the beginning of the year, the National Statistics Service
told Interfax.

Foodstuffs, including alcohol and tobacco products, grew 3.9% in prices
in the seven months. Non-foodstuff rose 2.2% and service tariffs were
up 4%.

According to the federal budget, Armenia expects inflation to be 3%
in 2006. Armenia had deflation of 0.2% in 2005.