ArmInfo. In February 2020, the consumer market of Armenia recorded a deflation of 0.2% with a y-o-y deflation of 0.5%, against inflation of 0.6% in February 2019 and y-o-y inflation of 1.9%. As the RA Statistical Committee reported to ArmInfo, in Yerevan in February 2020 consumer prices decreased by 0.1%, compared to an increase of 0.7% in February 2019.
Deflation of consumer prices in February was due to cheapening of food products (including alcohol and cigarettes) by 0.3% (against a 1.6% price increase a year earlier), non-food - by 0.2% (against a 0.4% price drop a year earlier) and a decrease in tariffs for services - by 0.1% (against a similar decline a year earlier).
In y-o-y terms (February 2020 to February 2019), a 0.5% deflation was recorded in the consumer market amid cheaper food products by 2.9%, while non-food products went up by 1.9%, and service tariffs grew by 1.4%. As a comparison, we note that in February 2019 compared to February 2018 inflation was recorded at 1.9%, accompanied by a rise in the price of food and non-food products - by 3.5% and 0.6%, respectively, and an increase in tariffs for services by 0.4%.
In January-February 2020, compared with January-February 2019, consumer prices decreased by 0.1% due to the reduction in the price of food products by 2%, while non-food products rose by 1.8% and the tariffs for services increased by 1.4%. A year earlier, in January-February 2019, compared with January-February 2018, inflation in the consumer market amounted to 1.3% due to a rise in price of food products by 2.1%, non-food products by 0.7% and increase in tariffs for services by 0, 5%.
