ArmInfo. In November 2016, the consumer market of Armenia experienced 1% inflation amid 2.8% growth in food prices (25% rise, alcohol and cigarettes inclusive), 0.2% drop in nonfood prices and similar decline in services tariffs.
The National Statistics Service of Armenia has told ArmInfo that on the food market vegetables and potatoes grew in price by 28.5% in Nov 2016 (down 2.9% versus Nov 2015). Fruit rose in price by 2.1% (up 17.7% versus Nov 2015).
Granulated sugar grew in price by 1.9% (up 14.8% versus Nov 2015); dairy products - by 1.6% (down 3.2% versus Nov 2015); fish products - by 1.4% (down 2.1% versus Nov 2015); animal fat and vegetable oil - by 1.3% (down 0.2% versus Nov 2015). Soft drinks, alcohol and cigarettes rose in price by 0.2%. The average egg price in Armenia dropped by 0.7% in Nov 2016 (up 10.2% versus Nov 2015). Starchy foods fell in price by 1.5%, cereal products - by 0.2%, meat products - by 0.1%. The prices of coffee, tea and cocoa underwent no changes.
On the nonfood market, detergents dropped in price by 2.4%, sanitary products - by 1.7%, footwear, household appliances, cosmetics, gardening items - by 1%, furniture - by 0.6%, construction materials - by 0.4%, medicaments - by 0.2%. In the meantime, pieces of art grew in price by 2.6%, clothes, knitwear, stationery - by 0.9%, jewelry - by 0.8%, fuel - by 0.5%, kitchen implements - by 0.4%, carpets - 0.3% and textile - by 0.1%. Petroleum and diesel fuel dropped in price by 3.5% and 2.9%, respectively (down 15.8- 21.8% versus Nov 2015). In Jan-Nov 2016, petroleum and diesel fuel prices dropped by 15.2% and 21.4%, respectively.
As regards the tariffs of services, transport tariffs fell in price by 2.5% due to 8.4% decline in air ticket prices. Service in culture dropped by 0.9%, medical services and public catering services - by 0.1%. In the meantime, recreation services grew in price by 1.3%, while utilities, communication, education, legal and baking services underwent no changes in price.
In Jan-Nov 2016, deflation made up 2.2% due to 2.9% decline in food prices, 2.7% fall in nonfood prices and 0.9% decline in service tariffs. The average monthly decline in consumer prices in Jan-Nov 2016 made up 0.2%. A compared to Jan-Nov 2015, the consumer price index made up 98.6%, including 96.8% for food prices, 97.6% nonfood prices, and 102% for service tariffs. In November 2016 versus November 2015, these indices made up 99.4%, 99.6%, 96.5% and 101.1%, respectively.
