Food Prices Grow By 4% In Armenia In May 2007

FOOD PRICES GROW BY 4% IN ARMENIA IN MAY 2007

Noyan Tapan
Jun 04 2007

YEREVAN, JUNE 4, NOYAN TAPAN. A 4% inflation was registered in the
Armenian food commodity market in May on April 2007, which was mainly
due to a 15.9% and 19.7% growth in prices of fruit and vegetables.

According to the RA National Statistical Service, a 18.4% growth in
prices of vegetables and potato was registered in Armenia in May 2007
on May 2006 and a 19.7% growth – in May on April 2007, which was mainly
due to a growth in prices of potato (24.3%), carrot (25%) and cabbage
(33.9%). Prices of tomato, garlic, onion and beet rose by 0.7-12.9%
in the indicated period.

In the fruit commodity group, a 26% inflation was registered in May
2007 on May 2006 and a 15.9% inflation – in May on April 2007. Prices
of lemon, banana, pear, grapes, apple, pomegranate, orange rose by
0.5-26.9% in May on April 2007.

In the commodity group of meat products, a 1% inflation was registered
in May on April 2007, mainly due to a 9% and 10.8% growth in prices
of mutton and pork respectively. The price of beef grew by 0.2%
in the indicated period.

A 0.1% inflation was registered in the commodity group of coffee, tea
and cocoa in May on April 2007, while prices in the commodity groups of
bread products, confectionery, other foodstuffs, soft drinks, alcoholic
drinks and cigarettes remained at the level of the previous month.

A 0.4% price fall was registered in the commodity group of fish
products in May on April 2007, mainly due to a 0.8% fall in the price
of fresh white fish.

0.1-0.2% fall in prices of milk products, butter, vegetable oil,
eggs and granulated sugar was registered in the country in May on
April 2007.