FOOD PRICES 5.3% UP IN ARMENIA IN JANUARY 2014, COMPARED WITH PREVIOUS MONTH

YEREVAN, February 4. /ARKA/. Prices for foods rose 5.3% in
Armenia in January 2014, compared with December 2013, mainly due
to ten-to-41-percent price hikes in vegetable and fruit markets,
the National Statistical Service of Armenia reports.

Prices for vegetables and potatoes went 9.3% up in Jan 2014, compared
with the same month a year before, and leapt 41.6%, compared with
December 2013.

Fruit prices added 0.2% in January 2014, compared with Jan 2013,
and jumped 10.6%, compared with Dec 2013.

According to the statistical report, as a whole, fruits, vegetables
and potatoes became 30.2% more expensive in January 2014 than they
were in the same month a year earlier.

The share of this group of products makes up 9.92% in subsistence,
and it added 3% to the total increase in consumer prices.

Dairy market accounted for 9.2% year-on-year and 0.8% month-on-month
price rise in January 2014.

Prices for meat products crept 0.7% and 0.5% up in January 2014,
compared with the same month a year before and with Dec 2013
respectively.

Instead, sugar prices sank 12.7%, compared with Jan 2013, and slid
0.6%, compared with Dec 2013. Nonfoods became cheaper as well –
their prices slipped 0.3%, compared with the previous month.

Consumer prices in Armenia went 2.8% up in January 2014, compared
with January 2013, and 5.5%, compared with December 2013.

Inflation rate was recorded at 5.8% in 2013. In the 2014 government
budget, inflation is projected at 4% (±1.5%). -0—

– See more at: