Consumer Price Index 109.2% In NKR In Jan-Mar 2008

CONSUMER PRICE INDEX 109.2% IN NKR IN JAN-MAR 2008

ARKA
April 10, 2008

STEPANAKERT, April 10. /ARKA/. The consumer price index was 109.2% in
the Nagorno-Karabakh Republic (NKR) in January-March 2008 as compared
with the corresponding period last year. The index of prices for food
products (alcoholic beverages and tobacco inclusive) was 114.9%, that
of prices for nonfoods 101.3% and that of prices for services 102.8%.

The NKR Statistical Service reports that the consumer price index
was 103.2% in the NKR in January-March 2008 as compared with last
December. The index of prices for food products (alcoholic beverages
and tobacco inclusive) was 104.6%, that of prices for nonfoods 101.7%
and that of prices for services 101.2%.

Price monitoring conducted by the NKR Statistical Service showed a
rise in the prices for a number of essential goods in the NKR. A 36.1%
rise in the price for bread was recorded in March 2008 as compared
with last March, a 27.9% rise as compared with last September and an
8.5% rise as compared with last December.

The respective rise in the price for flour was 73.9%, 44.4%
and 16.4%. The price for noodles rose by 14.2%, 13.8% and 3.1%
respectively. The price for rice rose by 3.6%, 7.4% and 2.9%, for
beef by 7.1%, 7.1% and 5.9%, for animal fat 29.4%, 23.7% and 6.8%,
for vegetable oil by 59.6% and 50.9% as compared with last March and
September respectively. A 3.5% fall in the price for vegetable oil
was recorded as compared with last December.