0.6% Inflation Registered In Armenia’s Consumer Market In July 2007

0.6% INFLATION REGISTERED IN ARMENIA’S CONSUMER MARKET IN JULY 2007 ON DECEMBER 2006

Noyan Tapan
Aug 2, 2007

YEREVAN, AUGUST 2, NOYAN TAPAN. The consumer price index made 100.6%
in Armenia in July 2007 on December 2006, including the index of
consumer prices of food commodities (including alcoholic drinks and
cigarettes) – 100.3%, that of non-food commodities – 100.6% and of
service tariffs – 101.3%.

According to the RA National Statistical Service, there was a 3.2%
price fall in Armenia’s consumer market in July on June 2007, which was
mainly due to seasonal fluctuations in prices of some foodstuffs. In
the indicated period, prices of food commodities (including alcoholic
drinks and cigarettes) fell by 5.6%, those of non-food commodities –
by 0.2%, while tariffs of services generally remained unchanged.

The average monthly increase of consumer prices made 0.1% in
January-July 2007, which is lower by 0.4 percentage points as compared
with the index of the same period of last year (0.5%).

The consumer price index made 102.2% in July 2007 on the same month
of last year, including that of food commodities (including alcoholic
drinks and cigarettes) – 102.9%, that of non-food commodities – 98.9%,
of service tariffs – 102.6%. The same indices on January-July 2007
on the same period of 2006 made 104.2%, 105.3%, 99.3% and 104.9%
respectively.