CONSUMER PRICES RISE BY 6.6% IN ARMENIA IN 2007

YEREVAN, DECEMBER 28, NOYAN TAPAN. Consumer prices rose by 6.6% in
Armenia in December 2007 on December 2006. In the indicated period,
prices of food commodities (including alcoholic drinks and cigarettes)
grew by 10.9%, of non-food commodities – by 2.5%, and service tariffs
grew by 3.2%.

1.5% inflation was registered in the Armenian consumer market in
December on November 2007. According to the RA National Statistical
Service, prices of food commodities (including alcoholic drinks and
cigarettes) grew by 2.5%, of non-food commodities – by 0.8%, whereas
tariffs of services fell by 0.1%.

The average monthly growth of consumer prices made 0.5% in
January-December 2007 – against 0.2% growth in the same period of 2006.