ArmInfo.The annual inflation reached 10.3% on Armenia's consumer market this June (against 6.5% last year) due a 16.1% rise in prices for food products (including alcohol and cigarettes), and a 7.5% rise in prices for nonfoods, with a 5.3% rise in prices for services against an 8.8% rise in prices for food products, 9.5% rise in prices for nonfoods and 2.1% rise in prices for services last June against June 2020.
In the first half of 2022, 6.3% inflation was recorded on Armenia's consumer market (against 3.8% last year) due to an 8.9% rise in prices for food products, a 4.6% rise in prices for nonfoods and a 4.4% rise in prices for services. The first half of last year saw a 5.6% rise in priced for food products, 5% rise in prices for nonfoods and a 1% rise in prices for services. Consumer prices showed a 1% rise in the first half of 2022, against a 0.6% rise last year.
In the first half of 2022 against the first half of 2021, 8.1% inflation on the consumer market was recorded against 5.7% last year due to a 13.1% rise in prices for food products, 6.1% rise in prices for nonfoods and 3.5% rise in prices for services against the respective rise of 7.8% and 7.9% in prices for food products and nonfoods and a 2% rise in prices for services the previous year.
This June alone, 0.3% inflation was recorded (against 0.1% this May and 0.8% deflation last June), which caused a 0.7% rise in prices for food products and a 0.6% rise in prices for services, with a 0.1% decline in prices for food products. Last June saw deflation on the consumer market due to a 2.1% decline in prices for food products, 0.1% rise in prices for service, with no changes in prices for nonfoods. This June saw an 0.3% rise in consumer prices in Yerevan, against a 0.9% decline last June.
This June against last June, a 45.8% rise in prices for vegetables, with a 16.9% decline this June alone, which is much higher as compared with last year's 17.5% year-on-year rise and 13.8% monthly decline. A 16.2% year-on-year rise in prices for fruits was recorded this June against last June, with a 9.2% rise this June alone against a decline of 9% and 5.6% respectively last year.
The prices for the following food products showed a rise: buckwheat (34.2%), rice (14.6%), cheese (24.5%), beef (17.8%), flour (17.7%), bread (20%), pasta (29.9%), coffee, tea and cocoa (11.9%), fish and seafoods (11.8%), dairy products (11%), pork (8.2%), mutton (7.1%), vodka and beer (8.4%-9%), spring and mineral water (8%), sugar (6.9%). A 10.3% year-on-year rise in cigarette prices was recorded as well.
On the other hand, a year-on-year decline is prices for eggs (24%), sunflower oil (3%) was recorded, with the butter prices showing a 4.8% decline. All the products except for sugar, eggs, buckwheat and rice, showed a monthly price rise.
On the nonfood market, the prices for the following goods showed a year-on-year rise: clothing (10.6%), footwear (10.5%), building materials (10.4%), fuels and lubricants (9.5%), household appliances (7.8%), furniture (7.6%), kitchen fittings (7.5%), disposable goods (7.2%). All the aforementioned goods showed a monthly rise as well. Jewelry prices showed a 3.2% year-on-year decline, with a 5.7% decline this June.
This June, petrol and diesel fuel prices showed a 1.6% and 2.2% rise respectively. This June against last June, the petrol and diesel fuel prices showed a 13.3% and 45.4% rise respectively (against 59.2% and 47.1% last year). In the first half of 2022 alone, the diesel fuel price showed a 33% rise, with the petrol price showing a 2.1%, against 37.9% and 29.1% in the first half of 2021.
As to prices for services, the Arts, Entertainment, and Recreation showed a 27.1% year-on-year price rise, with a 3.5% price rise this June, sports, and entertainments prices, 20.4% (a 13.4% rise this June), transport prices, 9.7% (a 4.1% rise this June due to a 7.3% rise in prices for international flights), services prices, 8.3% (with a 1.8% rise this June), postal services, 7% (a 3.4% rise this June), hosing renovation or facelift, 5.4% (a 1.3% rise this June), preschool and primary education, 5.1% (no change this June). The barber's (hairdresser's) services and SPA treatment showed a 5% price rise (a 0.3% rise this June), hotel services, 4.9% (a 2% rise this June), medical services, 2.3% (a 0.6% rise this June). Drycleaning and laundry services and mending of clothes showed a 4.8% rise (a 1.2% rise this June).
The 0.3% inflation on the consumer market this June was accompanied with a 7.4% AMD appreciation against the USD (against the 0.8% deflation and 1.6% AMD appreciation against the USD last June). In the first half of 2022, 6.3% inflation on the consumer market was accompanied with 12.9% AMD appreciation against the USD (against 3.8% inflation and 1.1% AMD appreciation against the USD last June). This June against last June, 17.6% AMD appreciation was recorded - up to AMD 422.70/$1, with 10.3% inflation (513.10/$1 last year, with 6.6% AMD depreciation and 6.5% inflation).
