Monday, May 6 2019 14:41
Karine Melikyan

Y-O-Y inflation in Armenia consumed 2.2% in April 2019, and only 2.5%  in January-April

Y-O-Y inflation in Armenia consumed 2.2% in April 2019, and only 2.5%  in January-April

ArmInfo.In the consumer market of Armenia in January-April 2019, inflation was recorded at 2.5%, against 2.1% inflation in the same period of 2018. According to the  RA Statistics Committee, this was triggered by a rise in prices for  food products (including alcohol and cigarettes) by 5.1% (versus 3% a  year earlier), non-food products - by 0.4% (versus 2.2% a year  earlier) and tariffs for services - by 0.3% (against 1% a year  earlier).

In y-o-y terms (compared with January-April 2018),  inflation was recorded at 1.7% (against inflation, 3.1% a year ago),  which was facilitated by a rise in food prices by 2.9%, non-food  products - by 0.9% and increase in tariffs for services by 0.3%.

According to statistics, in April 2019 by April 2018, consumer prices  increased by 2.2% due to the rise in price of food products by 3.9%,  non-food products - by 1.4% and increase in tariffs for services by  0.1%.  Only in April, deflation was recorded at 0.1% against the  background of cheaper food products by 0.7%, while non-food prices  rose by 0.8% and tariffs for services increased by 0.2%. In Yerevan,  consumer prices declined in April 2019 by 0.1%, against a decline of  0.3% a year earlier.

The April deflation in the food market is mainly due to the fall in  prices for vegetables by 1.8%, meat - by 1.6%, fish, seafood, fats of  vegetable and animal origin - by 0.8%. In y-o-y terms (compared to  April 2018), prices for vegetables increased by 12.2%, meat - by  2.1%, while fats of plant and animal origin dropped by 1.1%. In  Yerevan, vegetables in April fell by 2.2%, meat prices dropped as  much, and fats of plant and animal origin dropped by 0.8%.

Alcoholic beverages and cigarettes rose in price per year by 4.3%,  and in April alone - by 0.2%.

Dairy products, cheese and eggs come down by y-o-y rate of 1.8%, and  only in April - by 0.6%. Moreover, the price of eggs come down in  April by 0.5%, with y-o-y growth of 19.3%. In the capital, dairy  products, cheese and eggs fell in April by 0.5%.

Sugar and granulated sugar fell in y-o-y terms by 12.1%, and in April  alone - by 0.4%.

Coffee, tea, cocoa come down in April by 0.1%, and non-alcoholic  beverages did not change in price.

Bakery products and grains went up in April by 0.4%, and in annual  terms - by 4.4%. Moreover, flour and bread increased in price per  year by 6.2% and 5.3%, and in April alone - by 1.3% and 0.2%,  respectively.  In the capital, bakery products and grains went up in  April by 0.4%.

Fruits have risen in price per year by 1.8%, but in April alone - by  0.1%. In the capital, fruits come down in April by 1.7%.

In the non-food market, clothes and shoes went up in April 2019 by  April 2018 by 3.7%, and only in April - by 3.1% (clothes - by 0.9%,  shoes - by 6.9%). In January-April 2019, clothing and shoes went up  by 1.1%, with y-o-y increase in prices of 3%. In April, gardening  equipment also rose in price by 0.7%, furniture by 0.8%,  pharmaceutical products by 0.4%, tableware and kitchen utensils by  0.3%. In parallel with this, in April personal items come down in  price by 1%, jewelry - by 0.8%, small household appliances, cleaning  and detergents - by 0.7%, carpets, floor coverings and stationery -  by 0.2 %, building materials - by 0.1%, and large household  electrical appliances did not change in price. In the capital alone,  non-food products rose in April by 1.3%.

Gasoline and diesel prices rose in April by 0.8% and 1.8%,  respectively, with y-o-y decline in prices by 7.5% and 1.2%, but in  January-April prices for gasoline and diesel fuel decreased by 4.8%  and 1.1%.

The April increase in prices for services was mainly due to the  increase in tariffs for garbage collection - by 1.5%, for medical  services - by 1.3%, for the repair of household appliances - by 0.2%,  by 0.1%. At the same time, tariffs for catering services  (restaurants, cafes and similar establishments) decreased by 1.4% and  in the service sector by 0.1%. In the reporting month, tariffs for  services in the fields of communications and transport, hairdressing  and spa salons, as well as legal services remained unchanged.

Tonote, the April deflation on the consumer market (0.1%) was  accompanied by a revaluation of the dram against the dollar by 0.7%.  In January-April, inflation on the consumer market (2.5%) was  accompanied by a revaluation of the dram against the dollar by 0.1%,  against a similar picture a year earlier, but with a revaluation of  the dram by 0.4% with inflation of 2.1%. In April 2019, by April 2018  dram was devalued by 0.6% against the dollar, reaching 484.3 AMD / $  1 with inflation of 2.2% (against 481.4 AMD / $ 1 with inflation of  2.4% a year earlier). 

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