FOOD PRICES RISE BY 2.2% IN ARMENIA SINCE EARLY 2008

Noyan Tapan

Au g 5, 2008

YEREVAN, AUGUST 5, NOYAN TAPAN. 2.2% growth of food prices was
registered in Armenia in July 2008 on December 2007. Food prices
fell by 4.8% in July on June 2008. 0.2-31.2% fall of prices was
registered in 8 out of 13 food commodity groups under observation in
July on June 2008, while there was 0.1-1.3% inflation in the 5 other
commodity groups.

According to the RA National Statistical Service, potato and vegetable
prices fell by 31.2% in Armenia in July on June 2008 and by 17.2%
in July 2008 on July 2007. There was a fall in prices of green beans
(66.8%), tomato (64.7%), green pepper (59.5%), egg-plant (52.8%),
cabbage (43.4%), cucumber (35.4%), herbs (30.9%), potato (23.9%), beet
(17.8%), carrot (15%) and garlic (2.4%). In the fruit commodity group,
the price fall made 20.4% in July on June 2008 and 17.8% in July 2008
on July 2007. There was a fall in prices of apricot (62.2%), cherry
(41.3%), plum (30.5%), pear (225), apple (17%), watermelon (59.2%)
and melon (48.5%) in July on June 2008.

Prices fell by 20.1% in the commodity group of fish products in July
on June 2008, which was mainly due to a 23.9% fall in the price of
fresh white fish.

The average republican price of eggs fell by 4.2% in July on June 2008.

The average republican price of granulated sugar fell by 1.9% in the
indicated period and by 7.9% in July 2008 on July 2007.

Prices grew by 6.4% in the commodity group of meat products in July
2008 on July 2007 and fell by 0.3% in July on June 2008. Beef and
mutton prices fell by 1.3% and 0.3% respectively in July on June 2008,
pork price grew by 3.2%.

Prices of butter and vegetable oil fell by 0.6% and 0.2% respectively
in July on June 2008. Bread prices fell by 0.2% (due to 1.2-1.9%
fall in prices of some sorts of flour).

Prices of alcoholic drinks rose by 0.4% in July on June 2008,
mainly due to 3.9-4.5% growth in prices of some brands of beer. The
inflation in the commodity groups of milk products, soft drinks,
confectionery, coffee, tea, cocoa, and other products made 0.1-1.3%
in July on June 2008.

From: Emil Lazarian | Ararat NewsPress