ArmInfo. 0.1% inflation was registered in the consumer market of Armenia in February 2022, with a y-o-y inflation of 6.5%, against 0.6% inflation in February 2021 with a y-o-y inflation of 5.3%. This is evidenced by the data of the RA Statistical Committee.
February inflation was triggered by a rise in prices for non-food products by 0.2% (against 1% in February 2021), and an increase in tariffs for services by 0.1% (against the same growth in February 2021), while food prices remained unchanged (against a rise in price by 0.8% in February 2021).
On a y-o-y terms (February 2022 to February 2021), inflationary 6.5% is mainly due to an increase in the price of food products by 11% and non-food - by 5.4%, with an increase in tariffs for services by 2.1%. As a comparison, we note that in February 2021 against February 2020, 5.3% inflation was recorded due to an increase in the price of food products by 7.9% and non-food products - by 6.7%, with an increase in tariffs for services by 1.6 %.
In January-February 2022, consumer prices increased by 1.7% due to an increase in the price of food products by 3.5% and non-food products - by 0.2%, with a 0.6% increase in tariffs for services. And in comparison with January-February 2021, inflation amounted to 6.8% against the background of an increase in the price of food and non-food products by 11.4% and 5.8%, respectively, with a 2.1% increase in tariffs for services. A year earlier, in January-February 2021, inflation was 2.8% due to an increase in the price of food products by 4.9% and non-food products - by 2.7%, with a 0.4% increase in tariffs for services, and compared to In January-February 2020, inflationary 4.9% is due to an increase in the price of food and non- food products by 7.3% and 6.1%, respectively, with a 1.5% increase in tariffs for services.
In y-o-y terms, (February 2022 to February 2021) the most significant food prices have risen for fresh cabbage prices increased for fresh cabbage -3.8-foldbeets - by 97.3%, potatoes - by 71.4%, onions - by 32.4%, garlic - by 27.8%, carrots - by 21.7%, sugar and granulated sugar - by 18.2%, cheese - by 17.2%, pork - by 31.8%, poultry meat - by 6.8%, lamb - by 7.6%, beef - by 8%, butter - by 7.8%. Vodka also rose in price in y-o-y terms - by 9.9%, coffee, tea and cocoa - by 9.3%, cigarettes - by 9.1%, mineral water - by 5.7%.
Gasoline and diesel fuel prices have risen in y-o-y terms (February 2022 to February 2021) by 31.2% and 44.6%, respectively. in y-o-y terms, clothing rose in price by 9.7%, and shoes - by 8.8%, small household appliances - by 8.9%. As for tariffs for services, the most significant rise in price in y-o-y terms was postal services - by 59.6%, recreation services - by 19.7%, services of restaurants, cafes (and similar establishments) - by 6.5%, services hairdressing salons - by 6.2%. At the same time, only in hotels and in the transport sector, services fell in price, and even then only slightly - by 2.5% and 2.9%, respectively. At the same time, transport insurance services rose in y-o-yl terms by 4.8% (due to the increase in the cost of the CMPTL policy from February 7 this year - ed. note).
