INFLATION IN ARMENIA HITS 9.9% IN MAY, YEAR-ON-YEAR

RIA Novosti
June 2 2008
Russia

YEREVAN, June 2 (RIA Novosti) – Consumer prices in Armenia grew 9.9%
in May, year-on-year, the national statistics service said on Monday.

Food prices increased 1%, compared with April this year, while non-food
prices grew 1.3%, and tariffs for services climbed 21%.

The prices of gasoline and diesel fuel soared to 5.7% and 7.5%,
compared with April this year, respectively.

The Armenian government’s inflation target for 2008 is 4%.