ArmInfo. In September 2016, the consumer market of Armenia saw 0.1% inflation due to 0.2% growth in nonfood prices and 0.6% growth of services prices amid decline of food prices by 0.3%. In Jan-Sep 2016, 3.7% deflation on consumer market of Armenia was due to 5.9% decline in food prices and 3.5% fall in nonfood prices amid decline of services tariffs by 0.7%.
The National Statistical Service of Armenia has told ArmInfo that in Jan-Sep 2016 the average monthly decline in consumer prices made up 0.4% versus 0.2% fall a year before. In Jan-Sep 2016, versus Jan-Sep 2015 the consumer price index made up 98.4%, including food price index - 96.3%, nonfood price index - 97.9%, and the index of tariffs of services made up 102.2%. In Sep 2016 versus Sep 2015 the indices made up 98.1%, 96.7%, 96.2% and 101.4%, respectively.
According to statistics September deflation on the market of food products (0.3% including alcohol and tobacco) was determined mainly by 4.8% decline of vegetables and potato prices. Out of surveyed 13 groups of goods 4.8-0.1% decline was registered in prices of 8, 0.3-4.6% growth in prices of 4 and in one group the prices did not change. Particularly, in the vegetables group carrot prices dropped by 21.7%, onion-21.2%, cucumbers-20.9%, cabbage-10.1%, beet-7.2%, cauliflower-6.5%, potato-6.5%, tomatoes-3.8%, green pepper-2.8%, green bean-0.4%. At the same time the following goods grew in prices: green onion-by 33.1%, eggplants-30.8%, greenery-19%, garlic- 13%, mushrooms-1.3%. Dairy products fell in price by 0.5% in Sep 2016, meat products-0.2%, while sugar grew in price by 4.6%, eggs-by 1%, fruits by 1%, fish, drinks and tobacco-0.3-0.4%.
On the nonfood market, 0.2% growth of prices in September was caused by mainly growth of footwear by 4.4%, clothes and knitwear by 3.1%, household appliances-by 1.3%, jewelry and stationary by 1%. At the same time medicaments, detergents, cosmetics and construction materials dropped in prices by 0.1-1.4%. In September prices of petroleum and diesel fuel did not change (amid y-o-y decline by 11.8-19.6%) and in Jan-Sep petroleum dropped in prices by 9.3%, diesel fuel by 17.7%. The highest growth of non-food products was registered in the capital by 0.7%.
As regards the tariffs of services, in September 2016 they rose by 0.6% due to growth of utilities prices by 1.5%, recreation services - by 1.6% and education by 2%. In the meantime, transport services dropped in price by 1.5% (due to 4.9% fall in air ticket prices), services in the culture sector - by 1.4% and medical services - by 0.1%
To note, in September 2015 0.1% inflation was registered on the consumer market in Armenia caused by growth of nonfood prices by 0.6% while food prices and service tariffs did not change. In Jan-Sep 2015 2% deflation was registered, caused by 6.2% drop of food prices (not including alcohol and tobacco) amid growth of nonfood prices by 3.6% and growth of services tariffs by 1.1%. In Jan-Sep 2015 compared to Jan-Sep 2014 consumer prices index totaled 104.7% including food prices index-104.6%, nonfood-105.9% and tariffs on services-103.2% while in Sep 2015 compared to Sep 2014-103.3%, 102.3%, 106.1% and 101.6% respectively. Average monthly decline of consumer prices totaled 0.2% in Jan-Sep 2015 versus 0.1% decline a year before.