Friday, September 9 2016 12:59
Alina Hovhannisyan

In Jan-Aug 2016, 3.8% deflation on consumer market of Armenia was due to 5.6% decline in food prices and 3.7% fall in nonfood prices

In Jan-Aug 2016, 3.8% deflation on consumer market of Armenia was due  to 5.6% decline in food prices and 3.7% fall in nonfood prices

ArmInfo. In August 2016, the  consumer market of Armenia saw 0.5% deflation due to 0.8% decline in  food prices. Alcohol and tobacco inclusive, food prices dropped by  0.7% in August. Nonfood prices also dropped by 0.7% and the tariffs  of services have remained unchanged for the second month running. The  National Statistical Service of Armenia has told ArmInfo that in  Jan-Aug 2016 the average monthly decline in consumer prices made up  0.5% versus 0.3% fall a year before. 

In Jan-Aug 2016, the consumer price index made up 96.2%, food price  index (including alcohol and tobacco) - 94.4%, nonfood price index -  96.3%, and the index of tariffs of services made up 98.7%. As  compared with Jan-Aug 2015, these indices made up 98.4%, 96.2%, 98.1%  and 102.3%, respectively, and in August 2016 versus August 2015 the  indices made up 98.1%, 96.9%, 96.6% and 100.8%, respectively.  

On the food market, vegetables, fruit and dairy fell in price by  8.5-1% in August 2016. In the meantime, eggs grew in price by 18.8%.  Granulated sugar rose in price by 2%.

On the nonfood market, clothes and knitwear dropped in price by 3.8%  in August 2016, footwear - by 1.5%, detergents - by 1.4%, fuel - by  1%, gardening inventory - by 0.7%, carpets and medicaments - by 0.5%,  pieces of art - by 0.4%, household appliances and construction  materials - by 0.3%, kitchen implements - by 0.2% and textile - by  0.1%. In the meantime, stationery, jewelry, cosmetics, furniture,  personal hygiene items grew in price by 0.1-1.1%. In August,  petroleum underwent no changes in price (down 11.8% versus Aug 2015),  but diesel fuel grew in price by 0.2% (down 19.6% versus Aug 2015).  In Jan-Aug 2016, petroleum and diesel fuel prices fell by 9.2% and  17.7%, respectively. 

As regards the tariffs of services, in August 2016 transport services  dropped in price by 2.1% (due to 6.8% fall in air ticket prices),  recreation services - by 0.1%, pubic catering services - by 0.1%. In  the meantime, utilities grew in price by 0.4%, medical services - by  0.2%, and services in the culture sector - by 0.1%. 

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