CONSUMER PRICES DECLINE BY 0.8% IN ARMENIA IN AUGUST 2007 ON DECEMBER 2006

Noyan Tapan
Sep 3, 2007

YEREVAN, SEPTEMBER 1, NOYAN TAPAN. The consumer price index made 99.2%
in Armenia in August 2007 on December 2006, including the consumer
price index of food commodities (including alcoholic drinks and
cigarettes) – 97.6%, of non-food commodities – 100.2%, the index of
service tariffs – 101.4%. The average montly fall in consumer prices
made 0.1% in January-August 2007 against an increase of 0.3% in the
same period of last year.

The price fall tencdency registered in June continued in the
Armenian consumer market in August 2007: the overall price fall
over the last three moths made 4.9%. According to the RA National
Statistical Service, consumer prices fell by 1.5% in the country in
August on July, mainly due to seasonal fluctuations of prices of some
foodstuffs. During the indicated period, prices of food commodities
(including alcoholic drinks and cigarettes) fell by 2.7%, of non-food
commodities – by 0.5%, while service tariffs grew by 0.2%.

The consumer price index made 101.6% in August 2007 on August 2006,
including that of food commodities – 102%, of non-food commodities –
98.1%, of service tariffs – 102.9%. The same indices in January-August
2007 as compared with January-August 2006 made 103.9%, 104.9%, 99.2%
and 104.7% respectively.