Food Prices Fall By 6.2% In Armenia In July 2007

FOOD PRICES FALL BY 6.2% IN ARMENIA IN JULY 2007

Noyan Tapan
Aug 2, 2007

YEREVAN, AUGUST 2, NOYAN TAPAN. Food prices fell by 6.2% in Armenia
in July on June 2007, mainly as a result of seasonal fluctuations of
fruit and vegetable prices.

According to the RA National Statistical Service, there was a 7.4%
price fall in the commodity group of fruit and vegetables in July
2007 on July 2006 and a 35.8% price fall in July on June 2007, which
was mainly due to the fall in prices of green beans (69.3%), tomato
(60.5%), eggplant (50%), green pepper (48%), and potato (40.3%). Prices
of cabbage, cucumber, carrot, onion, garlic and mangel-wurzel fell
by 2.1-28.2% in the indicated period.

A 25% inflation was recorded in the commodity group of fruits in
July 2007 on the same month of last year and a 14.1% price fall – in
July on June 2007, mainly due to a fall in prices of apricot (48.4%),
apple (14.3%), watermelon (41.3%) and melon (31.55). Prices of peach,
strawberry, banana, orange, and cherry declined by 0.7-11.6% in the
indicated period.

The downward tendency in egg prices continued in July 2007, with the
overall price fall for 3 months making 7.5%. The average price of eggs
declined by 2.9% in July on June. A 0.7% price fall was registered
in the commodity group of meat products in July on June 2007, mainly
due to 0.7-2.3% fall in prices of beef and poultry. Prices of mutton
and pork declined by 0.5% and 0.3% respectively in the indicated
period. The average republican price of granulated sugar fell by 1.8%
in July on June 2007. Prices of milk products and other foodstuffs
fell by 0.1% in July on June, while prices in the commodity groups
of coffee, tea, cocoa, confectionery, soft drinks, alcoholic drinks
and cigarettes remained at the previous month’s level.

There was 0.9% inflation in the commodity group of fish products in
July on June 2007. 7.8% inflation was recorded in the commodity group
of bread products in June-July 2007, including a 0.4% inflation in
July on June. The price of flour grew by 8.2%, of bread – by 10.6%,
of grain – by 19.3% in June and July.