Saturday, May 6 2017 12:39
Karine Melikyan

At Armenian demand, annual inflation in April 2017 was 1.2%, but only in January-April - 2.4%

ArmInfo. In the consumer market of Armenia in January-April 2017 inflation was fixed at 2.4%, against 0.1% inflation in the same period in 2016. This was caused by an increase in the prices of food products (including alcohol and cigarettes) by 6.7%, with a decrease in the price of non-food products by 1.1% and a decrease in tariffs for services by 1.3%. On an annual basis (as compared to January-April 2016), the consumer market recorded inflation of 0.1% (against deflation of 1.5% a year ago), helped by a rise in the price of food products by 3.5%, while cheaper non-food products at 3.3% and a decrease in tariffs for services by 2.5%.

In April 2017, by April 2016, consumer prices increased by 1.2% due to the rise in price of food products by 5.6%, with a decrease in the price of non-food products and a fall in tariffs for services by 2.9% and 2.3%, respectively. Only in April, inflation was 1% against the backdrop of a rise in the price of food and non-food products by 1.8% and 0.3% respectively, with a 0.2% increase in tariffs for services. As the Armenian National Statistical Service told ArmInfo, in Yerevan consumer prices rose by 1.1% in April 2017, against the decline by 0.2% a year earlier.

According to statistics, April inflation in the food market is due mainly to the rise in price of 3.4-8% of fruits, vegetables and fish products, and only in the capital - by 4.1-8.3%. In annual terms (compared to April 2016), prices for vegetables jumped by 28%, for fruits - by 22.2%, for fish products - by 23.6%, but only in April - by 8%, 3.4% and 6.3%. In Yerevan, fruits grew in price by 4.1% in April, vegetables - by 8.3%, fish products - by 5.7%.

Meat products have risen in price by 0.9% in annual terms, but only in April by 1.2%, with the same growth recorded in the capital.

The sugar price increased by 15.6% year-on-year, but only for April by 0.5% and the same growth was observed in the capital.

Vegetable and melted oil rose in price in April 2017 in April 2016 by 2.2%, and only in April by 0.3%.

Alcoholic beverages and cigarettes went up by 0.7% in April, while certain brands of cigarettes rose by 1.8%. Coffee, cocoa tea went up in April by 0.4%, non-alcoholic beverages - by 0.3%, and flour products in price did not change.

In the non-food market, clothing and footwear fell in price in April 2017 to April 2016 by 4.6%, but only in April they went up by 1.5%. For January-April 2017 clothes and footwear fell 4.3%, with an annual reduction of 2.6%. Gasoline and diesel fuel went up by 2.3% and 0.6%, respectively, in April, compared with April 2016, gasoline rose by 1.7% with an increase in diesel prices by 4.2%. For January-April 2017 gasoline and diesel fuel went up by 10.8% and 13.8%, respectively. Only in the capital of non-food products rose in price in April by 0.8%.

The April increase in services was mainly due to the increase in tariffs in the transport sector by 1.1% (due to an increase of 6.6% in tariffs for international flights), as well as a rise in the price of hotel services by 1.1% and services for medical care - by 0.3%. Parallel to this, services in the sphere of culture and recreation - by 0.9% and housing and communal services - by 0.1% fell in April, while tariffs in communication and education did not change. In the capital, tariffs for services rose by 0.1% in April.

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