CONSUMER PRICE INDEX 107.6% IN ARMENIA IN JAN-MAY

news.am
June 14 2010
Armenia

The RA Statistical Service has published information on prices in
Armenia this January-May.

According to the information, the consumer price index showed a 7.6%
rise this January-May as compared with last January-May.

This January, the consumer price index was 7% and reached 8.4% for
this January-March. This January-April it was 8%, which seems to be
evidence of stable prices.

On the other hand, the dynamics of monthly prices shows a somewhat
different picture. As compared with last December (when the highest
prices are normally registered), the consumer price index showed
a 4.2% rise this April, a 5.3% rise this May, which is evidence of
rising prices.

A 13.8% rise in prices for fuel, energy, as well as a higher rent
price, contributed to a rise in consumer prices. A “record” was set
by the ArmRusgasprom company, which raised the gas price from April 1.

A 5.5% rise in food prices was registered this January-May as compared
with last January-May. A 1.3% rise in prices for alcoholic beverages
and tobacco was registered as well.

As regards clothing and footwear, an 11.4% price rise was registered
as compared with last January-May. The prices for medical services
and drugs showed an 8.8% rise.

From: A. Papazian