Armenia’s consumer prices rise 0.7 percent in August

YEREVAN, September 1. /ARKA/. Consumer prices rose by 0.7% in Armenia
in August compared to the month before, ArmStat reported.

The increase was mainly caused by 2.2% rise in prices for services,
according to the report.

Prices for foodstuffs (including alcohol and tobacco) hiked by 1.1% in
the period, nonfood prices dropped by 0.3%.

The year-on-year consumer price index was 100.8% in August. Price
index was 100.3% for foods (including alcohol and tobacco), 100.7% for
nonfoods and 101.8% for services.

The 2014 budget projection for inflation is 4% (±1.5%). -0–

From: A. Papazian