Durable Growth In Prices Of Petroleum And Diesel Fuel Increases Nonf

DURABLE GROWTH IN PRICES OF PETROLEUM AND DIESEL FUEL INCREASES NONFOOD ITEMS PRICES IN ARMENIA BY 0.5%

arminfo
Monday, May 2, 10:19

In April 2011 the prices of nonfood items in Armenia grew by 0.5% as
compared with March 2011 (2.8% annual growth), in Jan-Apr – by 1.5%
(3.3% annual growth). The National Statistical Service of Armenia
told ArmInfo that the price growth in April is mostly conditioned
by 3.9% and 5.8% growth in the prices of petroleum and diesel fuel
respectively. In April 2011 versus April 2010 petroleum and diesel
fuel grew in price by 8.8% and 17.7% respectively, and in Jan-Apr
2011 – by 15.1% and 19.9% respectively.

At the same time, in April 2011 horticultural sundries grew in price by
0.1%, electric appliances – by 0.2%, stationery – by 0.2%, furniture –
by 0.5%, kitchen implements – by 0.5%, clothes and knitted articles –
by 0.7%, jewelry – by 1.6%, footwear – by 3.4%. In the meanwhile,
carpets fell in price by 3.3%, works of art – by 2.9%, cosmetics
– by 1.4%, textile – by 1%, detergents – by 0.7%, fuel – by 0.5%,
construction materials – by 0.4%, medicaments – by 0.2%, private goods
– by 0.2%. In all the towns under review nonfood items rose in price
by 0.1-1.7%, in Yerevan – by 0.6%.

In April 2011 0.2% inflation was fixed in the consumer market of
Armenia (8.9% inflation as compared with April 2010), in Jan-Apr 2011
5% inflation was fixed (10.5% inflation as compared with Jan-Apr 2010).

From: A. Papazian