ArmInfo. In January 2020, inflation in the consumer market of Armenia was 1.3%, with annual inflation of 0.2% (in January 2020 compared to January 2019), similar to annual inflation - 1.7% for the month and 0.6% for year.
January inflation was triggered to a greater extent by a rise in prices for food products (including alcohol and cigarettes) by 2.8% (against a 3.8% increase in January 2019) and an increase in tariffs for services by 0.3% (against 0.2% growth in January 2019), with the cheapening of non-food products by 0.3% (against the 0.6% decline in January 2019). Consumers in the capital for January of this year in the capital increased by 1.1%, against the 1.2% growth in January 2019.
In annual terms (January 2020 to January 2019), inflation in the consumer market was triggered by a 1.7% rise in prices for non-food products and a 1.2% increase in tariffs for services, while food products became cheaper by 1.1%, while a year earlier ( in January 2019 compared to January 2018) there was an increase in prices of food and non-food products by 0.5% and 0.9%, respectively, and an increase in tariffs for services by 0.6%.
The January rise in prices of services was mainly due to an increase in tariffs for services for organizing leisure activities - by 3.1% and hotel services - by 2.6%. In the capital, tariffs for services in January increased by 0.3%.
It should be noted that according to the results of 2019 (January-December), inflation was recorded in the consumer market of Armenia was lower - 0.7%, compared to 1.8% in 2018. This was largely triggered by an increase in prices of non-food products (including alcohol and cigarettes) by 1.4% than in food products by 0.2%, with a rise in tariffs for services by 1.1%. The average monthly increase in consumer prices in January-December 2019 amounted to 0.1%, repeating the trend a year ago. In annual terms (January- December 2019 to January-December 2018), consumer market also recorded inflation - 1.4% (against inflation 2.5% a year ago), which was due to a rise in prices for food products by 2.1% (against growth 2.5% a year earlier), non-food - 1.5% (against growth by 4.5% a year earlier) and increase in tariffs for services by 0.5% (against increase by 1.2% a year earlier). In December 2019 alone, consumer prices increased by 1.3% due to a rise in prices for food products by 2.7% and an increase in tariffs for services by 0.2%, while prices for non-food products remained constant. In Yerevan, consumer prices increased in December 2019 by 1.1% (against 1.6% growth in December 2018).
