Friday, November 11 2016 16:04
Karine Melikyan

In Jan-Oct 2016 3.1% deflation on consumer market of Armenia was due to 5.3% drop in food prices and 2.4% decline in nonfood prices

In Jan-Oct 2016 3.1% deflation on consumer market of Armenia was due to 5.3% drop in food prices and 2.4% decline in nonfood prices

ArmInfo. In October 2016 the consumer market of Armenia saw 0.5% inflation due to 1.1% rise in nonfood prices and 0.6% rise in food prices, while the tariffs of services remained unchanged. In Jan-Oct 2016, 3.1% deflation on the consumer market of Armenia was due to 5.3% drop in food prices, 2.4% decline in nonfood prices, and 0.7% fall in the tariffs of services.

The press office of the Armenian National Statistical Service has told ArmInfo that in Jan-Oct 2016 the average monthly decline in consumer prices made up 0.3% versus 0.2% fall a year before. As compared to Jan-Oct 2015, the index of consumer prices made up 98.5%, including 96.5% for food prices, 97.7% for nonfood prices, and 102.1% for tariffs of services. In October 2016 versus October 2015, these indices made up 99.1%, 98.7%, 96.4% and 101.3%, respectively.

In October 2016, on the food market fish products, vegetable oil and animal fat, eggs, granulated sugar, and vegetables rose in price by 0.7-6.2%. In particular, in October granulated sugar grew in price by 2.9%, eggs - by 0.9%, fish products - by 0.7%, animal fat and vegetable oil - by 0.7%, meat products - by 0.2%, dairy products - by 0.2%, beverages and cigarettes - by 0.9%. In the meantime, cereal products and soft drinks dropped in price by 1.1-0.1%, while coffee, tea and cocoa prices underwent no changes.

On the nonfood market, clothes and knitwear rose in price by 6.4%, footwear - by 5.9%, cosmetics - by 1.5%, stationery and pieces of art - by 1.1%. Household appliances, kitchen implements, carpets and jewelry rose in price by 0.1-0.9%. In the meantime, detergents, fuel, medicaments, furniture, and gardening tools dropped in price by 0.2-1%, while textile and construction materials underwent no changes.  Petroleum and diesel fuel fell in price by 3.2% and 1.7%, respectively. In Jan-Oct 2016, petroleum fell in price by 12.2%, and diesel fuel - by 19%.

As regards the tariffs of services, in October 2016 recreation services grew in price by 0.4%, transport services - by 0.2%, culture services - by 0.1%, while medical services dropped in price by 0.5%. Utilities, communication, education, public catering, legal and banking services underwent no changes in price.

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