ArmInfo. In February 2019, inflation at 0.6% was recorded in the Armenian consumer market, with y-o-y l inflation of 1.9%, against deflation of 0.5% in February 2018 and y-o-y inflation of 3.3%. As the RA Statistical Committee told ArmInfo, in February, consumer prices in Yerevan increased by 0.7% in February 2019, against a decline of 0.6% in February 2018.
February inflation was triggered by a rise in prices for food products (including alcohol and cigarettes) by 1.6% (against a decline of 1.1% a year earlier), with a paltry reduction in the price of non-food products - by 0.4% (against a decline of 0.1% a year earlier) and reduction of tariffs for services - by 0.1% (against a growth of 0.1% a year earlier).
In y-o-y terms (February 2019 by February 2018) inflation was recorded at a consumption of 1.9% against the background of a rise in prices for food products by 3.5%, non-food prices by 0.6%, and growth in tariffs for services by 0.4%. As a comparison, we note that in February 2018, by February 2017, inflation was recorded at 3.3%, and food and non-food products rose almost equally in price - by 4% and 4.6%, respectively, with the growth of tariffs for services by 1, 6%. In January-February 2019, in comparison with January-February 2018, consumer prices increased by 1.3% due to the rise in price of food products by 2.1%, non-food prices - by 0.7% and increase in tariffs for services by 0.5%. A year earlier, in January-February 2018, compared with January-February 2017, inflation in the consumption market was 3.1% due to the rise in prices for food products by 4%, non-food products - by 4.1% and increase in tariffs for services by 1.2%.