Tuesday, December 13 2016 15:55
Karina Melikyan

In November 2016 consumer market of Armenia experienced 1% inflation

In November 2016 consumer market of Armenia experienced 1% inflation

ArmInfo. In November 2016, the  consumer market of Armenia experienced 1% inflation amid 2.8% growth  in food prices (25% rise, alcohol and cigarettes inclusive), 0.2%  drop in nonfood prices and similar decline in services tariffs. 

The National Statistics Service of Armenia has told ArmInfo that on  the food market vegetables and potatoes grew in price by 28.5% in Nov  2016 (down 2.9% versus Nov 2015). Fruit rose in price by 2.1% (up  17.7% versus Nov 2015).  

Granulated sugar grew in price by 1.9% (up 14.8% versus Nov 2015);  dairy products - by 1.6% (down 3.2% versus Nov 2015); fish products -  by 1.4% (down 2.1% versus Nov 2015); animal fat and vegetable oil -  by 1.3% (down 0.2% versus Nov 2015). Soft drinks, alcohol and  cigarettes rose in price by 0.2%. The average egg price in Armenia  dropped by 0.7% in Nov 2016 (up 10.2% versus Nov 2015). Starchy foods  fell in price by 1.5%, cereal products - by 0.2%, meat products - by  0.1%. The prices of coffee, tea and cocoa underwent no changes. 

On the nonfood market, detergents dropped in price by 2.4%, sanitary  products - by 1.7%, footwear, household appliances, cosmetics,  gardening items - by 1%, furniture - by 0.6%, construction materials  - by 0.4%, medicaments - by 0.2%. In the meantime, pieces of art grew  in price by 2.6%, clothes, knitwear, stationery - by 0.9%, jewelry -  by 0.8%, fuel - by 0.5%, kitchen implements - by 0.4%, carpets - 0.3%  and textile - by 0.1%. Petroleum and diesel fuel dropped in price by  3.5% and 2.9%, respectively (down 15.8- 21.8% versus Nov 2015). In  Jan-Nov 2016, petroleum and diesel fuel prices dropped by 15.2% and  21.4%, respectively. 

As regards the tariffs of services, transport tariffs fell in price  by 2.5% due to 8.4% decline in air ticket prices. Service in culture  dropped by 0.9%, medical services and public catering services - by  0.1%. In the meantime, recreation services grew in price by 1.3%,  while utilities, communication, education, legal and baking services  underwent no changes in price. 

In Jan-Nov 2016, deflation made up 2.2% due to 2.9% decline in food  prices, 2.7% fall in nonfood prices and 0.9% decline in service  tariffs. The average monthly decline in consumer prices in Jan-Nov  2016 made up 0.2%. A compared to Jan-Nov 2015, the consumer price  index made up 98.6%, including 96.8% for food prices, 97.6% nonfood  prices, and 102% for service tariffs. In November 2016 versus  November 2015, these indices made up 99.4%, 99.6%, 96.5% and 101.1%,  respectively.

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