Food Prices Fall By 3% In Armenia In August 2007

FOOD PRICES FALL BY 3% IN ARMENIA IN AUGUST 2007

Noyan Tapan
Sep 3, 2007

YEREVAN, SEPTEMBER 3, NOYAN TAPAN. 3% fall in prices of food
commodities was registered in Armenia in August on July 2007, mainly
due to seasonal fluctuations of fruit and vegetable prices.

According to the RA National Statistical Service, 16.8% price growth
was regsitered in the fruit commodity group in August 2007 on August
2006, and 18.8% price fall – on July 2007, which was mainly due to
the fall in prices of peach (51.7%), plum (32.3%), grapes (25.4%),
apple (20.9%), watermelon 959.9%) and melon (72.7%). Prices of pear,
lemon, cherry and banana declined by 0.9-16% in the indicated period.

There was 4% price fall in the commodity group of vegetables and
potato in August 2007 on August 2006, and 15.1% price fall – compared
with July 2007, mainly due to the fall in prices of eggplant (75.9%),
green pepper (65.9%), tomato (58.7%), cauliflower (42.4%), carrot
(24.7%), table beet (20.4%). Prices of garlic, bean, potato, cabbage,
onion fell by 3.8-14.8% in the indicated period.

The average price of eggs fell by 3.3% in Armenia in August on July
2007. Prices of meat products fell by 1.3%, mainly due to 7.4% fall
in poultry prices. Prices of beef and mutton fell by 0.6% and 0.1%
in the indicated period, while price of pork increased by 0.9%.

Prices of granulated sugar, dairy produce and other products fell
by 0.2-1.2% in August on July 2007. Prices of coffee, tea, cocoa,
soft drinks, alcoholic drinks, cigarettes remained unchanged. 4.4%
price growth was registered in the commodity group of fish products
in August on July 2007, mainly due to 4.4% and 13.6% growth in the
prices of fresh and smoked white fish respectively.

1% price growth was registered in the commodity group of butter and
vegetable oil in August on July 2007, which was mainly conditioned
by 2.8% growth in the price of butter. There was 0.1% and 0.2% price
growth in the commodity groups of confectionery and bread products
respectively in August on July 2007.