Tuesday, November 6 2018 12:57

ArmInfo. In Armenia's consumer market in October 2018, inflation was fixed at 0.1%, which was caused by the rise in prices of non-food products by 1.8%, while food prices  fell by 0.4% and tariffs for services decreased by 0.3%. In the  capital, consumer prices rose in October by 0.2%. In January-October  2018, a 0.7% deflation was caused by drop in prices of food products  by 3.4%, while non-food products prices rose by 3.2% and tariffs for  services increased by 0.4%.

As the RA Statistics Committee told ArmInfo, the average monthly  decline in consumer prices in January- October 2018 was 0.1%, as in  the previous year. In January-October 2018, as compared with January-  October 2017, inflation at a consumption market was recorded of 2.7%  due to the rise in prices for food products by 2.7%, non-food  products - by 4.7% and increase in tariffs for services by 1.3% . In  October 2018, compared with October 2017, a similar situation was  observed: 2.8% inflation on consumer market was provoked by 3.6% rise  in food prices, 3.8% - non-food items, and service tariffs increased  by 0.9%.

To note, inflation in Armenia in October 2017 was recorded at 0.8%,  due to the rise in prices of non-food products by 1.9%, foodstuffs by  1.2%, while tariffs for services decreased by 0.5%. % In the capital,  consumer prices rose in October by 1.1%. In January-October 2017,  deflation of 0.9% was caused by a 1.7% reduction in the price of food  products, a 1.1% reduction in tariffs for services, and a 1.1%  increase in prices for non-food products. The average monthly decline  in consumer prices in January-October 2017 was 0.1%, against a  decline of 0.3% a year earlier. In January-October 2017 compared with  January- October 2016, inflation was recorded at a consumption market  at 0.7% due to the rise in price of food products by 3.7%, while  non-food products became cheaper by 2.4% and tariffs for services  decreased by 1.4 % In October 2017, compared with October 2016, a  similar situation was observed: 1.2% inflation on consumer market was  provoked by 3.6% more expensive food products, while prices for  non-food products remained unchanged and service tariffs decreased by  1%.