In Jan-June 2016 consumer market of Armenia saw 1% deflation

ArmInfo. In June 2016 the consumer market of Armenia saw 0.5% deflation due to 1.2% decline in food prices. Alcohol and tobacco inclusive, food products dropped in price by 1.1%, while non-food items grew in price by 0.1%, and the tariffs of services underwent no changes. 

The National Statistical Service of Armenia has told ArmInfo that the average monthly drop in consumer prices in Jan-June 2016 was 0.2%. In Jan-June 2016, the indices of consumer, food, non-food prices and tariffs of services made up 99%, 98.8%, 97.9%, and 100%, respectively. As compared to Jan-June 2015, these indices made up 
98.5%, 95.9%, 98.5% and 102.8%, respectively, and in June 2016 versus June 2015 the indices made up 98.9%, 97.5%, 97.2% and 102.1%, respectively. 

The deflation on the food market (1.2%, alcohol and tobacco exclusive) in June was mostly due to the 18.3- 1.2% reduction in prices of eggs, vegetables and meat products. In the meantime, fruits grew in price by 27.4% and soft drinks - by 0.1%. 

On the non-food market, horticultural inventory grew in price by 0.7%, carpets - by 0.6%, kitchen implements - by 0.5%, furniture - by 0.4%, medicaments - by 0.2%, cosmetics and construction materials - by 0.1%. In the meantime, fuel, personal hygiene products, footwear, textile, detergents, household appliances, jewelry, clothes and knitwear, stationery dropped in price by 0.1-1.7%. In June 2016, 
petroleum prices rose by 2%, and diesel fuel prices dropped by 5.4%. 

As regards the tariffs of services, they remained unchanged in June 2016, because transport services grew in price by 2% (6.4% growth in air ticket prices), culture - by 1.1%, household services - by 0.4% and medical services - by 0.1%, whereas recreation services dropped in price by 1.8%, public catering - by 1.6%, utility services - by 0.2%.