CONSUMER PRICES GROW BY 5.1% IN ARMENIA IN NOVEMBER 2007 ON DECEMBER 2006

Noyan Tapan
Nov 30, 2007

YEREVAN, NOVEMBER 30, NOYAN TAPAN. The rise in prices of butter,
vegetable oil, bread and flour contributed to an overall inflation
of 4.53% in Armenia in November 2007 on December 2006. Without price
changes in the indicated commodity groups, the consumer price index
would have made 100.6% instead of 105.1% in the first eleven months
of this year.

A 2.1% inflation was registered in Armenia’s consumer market in
November on October 2007. According to the RA National Statistical
Service, prices of foodstuffs (including alcoholic drinks and
cigarettes) grew by 3% in the indicated period, prices of non-food
commodities fell by 1.2%, while tariffs of services grew by 0.9%.

A considerable increase in prices of bread, flour, butter and vegetable
oil was registered in the country. These foodstuffs make up 13.91%
of the consumer basket and contributed the growth of consumer prices
by 0.13% to 2.1%.

The average monthly fall in consumer prices made 0.5% in
January-November 2007 against the 0.2% growth in the same period of
last year.

The consumer price index made 106.8% in November 2007 on November
2006, including the consumer price index of food commodities
(including alcoholic drinks and cigarettes) – 110.4%, of non-food
commodities – 101.1%, of service tariffs – 103.6%. The same indices
in January-November 2007 on January-November 2006 made 104.2%, 105.7%,
99.2% and 104.3% respectively.

From: Emil Lazarian | Ararat NewsPress