ArmInfo.Armenia recorded the lowest inflation among the Eurasian Economic Union (EAEU) member-states this May.
According to the official data on May against April, the consumer price index in Kazakhstan was 101.4%, in Belarus, 100.7%, in Kyrgyzstan, 100.3%, in Armenia and in Russia, 100.1%.
The annual inflation in the EAEU member-states this may was as follows: in Russia, 17.1%, in Belarus, 17%, in Kazakhstan and Kyrgyzstan, 14%, in Armenia, 9%.
The RA Statistical Committee reports that the souring prices for foods and oil products are pushing up inflation - 9% this May against 5.9% last May, which was mainly due to a 13.8% rise in food prices (against a 7.6% last year). The prices for vegetables recorded the highest rise (5.3%), buckwheat (41.7%), lentil (34.5%), noodles (27.7%), cheeses (22.9%), curds (19.2%), rice (15.8%), breads (14.1%), flour (13.5%), beef (12.2%) and pork (10.8%).
The nonfood prices showed a 6.8% rise this May against 9% last May. The price rise was mainly due to a 48.7% rise in diesel prices, an 18.4% rise in petrol prices, an 8.5% rise in footwear and clothing prices, a 7.2% to 7.6% rise in prices for household appliances, a 6.9% rise in furniture prices.
Prices for services showed a 4.8% rise this May a compared with last May, mainly due to a rise in prices for recreation services (26%), for air tickets (14.6%).
In forecasting a further price rise, Chairman of the Central Bank of Armenia (CBA) Martin Galstyan statd at an earlier news conference that the current 9% inflation could show an upward trend.
"If nothing extraordinary happens, we will record lower inflation at the end of the year," he said.
