Thursday, June 6 2019 16:34
Karine Melikyan

YOY inflation in Armenia consumed 2.8% in May 2019, and 2% in  January-May alone

YOY inflation in Armenia consumed 2.8% in May 2019, and 2% in  January-May alone

ArmInfo. In January-May, 2019,  inflation was fixed at 2% in the Armenian consumer market, against  1.1% 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 3.7% (versus 0.4% a  year earlier), non-food products - by 0.9% (versus 2.3% a year  earlier) and tariffs for services - by 0.4% (against 1.2% a year  earlier). In YOY terms (compared with January- May, 2018), inflation  was recorded at 1.9% in the consumption market (against inflation at  2.8% a year ago), aided by a rise in food prices by 3.4%, non-food  products - by 1.1% and increase in tariffs for services by 0.3%.

According to statistics, in May 2019, by May 2018, consumer prices  increased by 2.8% due to the rise in price of food products by 5.2%,  non-food products - by 1.8%, while the tariffs for services remained  unchanged. Only in May, a deflation of 0.4% was recorded against the  background of reduction in prices for food products by 1.3%, with  non-food prices going up by 0.5% and tariffs for services increased  by 0.1%. In Yerevan, consumer prices declined in May 2019 by 0.5%.

The May deflation in the food market is mainly due to the 7.8%  reduction in the price of vegetables. In YOY terms (in comparison  with May 2018), prices for vegetables increased by 22%. In Yerevan,  vegetables fell in May by 7.5%.

Fats of plant and animal origin fell by 1.7% per year, and in May  alone - by 0.5% and a similar decline in prices was recorded in the  capital.

Coffee, tea and cocoa fell in May by 0.5%, and non-alcoholic  beverages - by 0.3%.

Meat products have risen in price per year by 2.4%, but in May alone  fell in price by 0.5%. Moreover, poultry meat fell in May by 1%, but  increased by 13.6% in YOY terms. In Yerevan, meat products fell 0.6%  in May.

Dairy products, cheese and eggs went up by 3.5% on an YOY basis, but   in May alone fell in price by 0.1%. Moreover, the price of eggs  increased by 0.1% in May, with an YOY increase of 26.9%. In the  capital, dairy products, cheese and eggs went up in May by 0.5%.

Alcoholic beverages and cigarettes rose in price per year by 4.5%,  and in May alone - by 0.7%. In particular, in May alcoholic beverages  rose in price by 0.7%, and locally produced cigarettes - by 0.8%.

Sugar and granulated sugar rose in price by 0.3% in May, while bakery  products and cereals did not change in price during the reporting  month.

In the non-food market, clothes and shoes went up in May 2019 by May  2018 by 1.7%, and in May alone they fell by 1.1% (clothes - by 1.8%,  and shoes did not change in price). In January-May 2019, the price of  clothes and shoes remained at an annual increase of 2.7%. The prices  for fuel and lubricating oil rose by 3.3% in May, household  appliances and gardening equipment by 0.6%, furniture by 0.5%,  pharmaceutical products and stationery by 0.3%, tableware and kitchen  utensils - by 0.2%, carpets and flooring - by 0.1%.  In parallel with  this, clothing, jewelry and personal items fell by 0.8% in May,  cleaning and washing-up products - by 0.7%, large household  electrical appliances - by 0.5%, building materials and small  household appliances - by 0.1%, and shoes in the price has not  changed. In the capital alone non-food products fell in May by 0.1%.

Gasoline and diesel prices rose in May by 2.7% and 3.1% respectively,  with an YOY 5% drop in gasoline prices and a rise in the cost of  diesel fuel by 1.8%, and in January-May alone gasoline prices fell by  2.2% at a rise in price of diesel fuel by 1.9%.

The May increase in prices for services was mainly due to an increase  in tariffs for services in the field of transport - by 1.2% (due to a  5.3% increase in prices for airline tickets), in the fields of  culture and recreation, by 0.3%, apartment renovation - by 0.2%. At  the same time, tariffs for catering services (restaurants, cafes and  similar establishments) decreased by 0.2%. In the reporting month,  tariffs for household electrical appliances repair, medical care,  communications and education, as well as legal services remained  unchanged. In the capital, tariffs for services increased by 0.1%.

To note, the May deflation at the consumer market (0.4%) was  accompanied by a revaluation of the dram against the dollar by 0.8%.  In January-May, inflation on the consumer market (2%) was accompanied  by a revaluation of the dram against the dollar by 0.9%, against  inflation of 1.1% and devaluation of the dram by 0.2% a year earlier.  In May 2019, by May 2018, the dram strengthened against the dollar by  0.7% - to 480.5 AMD / $ 1 with inflation of 2.8% (against 484.1 AMD/  $ 1 with inflation of 1.6% a year earlier).


Exchange rates

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

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Кол-во сделок


Объем (инвал.)

200 000

0бъем (драм)

96 400 000