110.8% CONSUMER PRICE INDEX IN NKR IN JAN-JUNE 2008

ARKA
July 11

The consumer price index was 110.8% in the Nagorno-Karabakh Republic
(NKR) in January-June 2008 as compared with the corresponding period
last year.

The index of prices for food products (with alcoholic beverages and
tobacco) was 116.9%, for nonfood products 102.8%, for services 103.8%.

The NKR Statistical Service reports that the consumer price index
was 105.2% in the NKR in Nagorno-Karabakh in June 2008 as compared
with December 2007.

The index of prices for food products (with alcoholic beverages and
tobacco) was 105.1%, for nonfood products 106.3% and for services
104.8%.

Prices for a number of food products rose: a 116.1% rise in prices
for baked goods, 111% for meat products, 107.5% for fruit, 106.6%
for tea, coffee, cacao, 104.2% for vegetable oil. On the other hand,
the prices for dairy products fell by 19.1%, for eggs by 16.9%,
for vegetables and potatoes by 7.9%.

In June 2008, a consumer price index of 113% was recorded in the NKR
as compared with June 2007.