Armenia posts 0.7% deflation in September

Armenia posts 0.7% deflation in September

05.10.2004

Yerevan. (Interfax) – Armenia posted 0.7% consumer price deflation in
the month of September, the country’s state statistics committee told
Interfax.

Prices for food goods including alcohol and cigarettes dropped 1.1% in
September and prices for non-food items remained flat. Service prices
dropped 0.1% in September.

The government said inflation was 7.9% in September 2003-September
2004. Prices for food goods including alcohol and cigarettes grew
11.2% in the period, non-food prices 0.7% and service prices 1.6%.

Consumer prices grew 8.6% in 2003.