9% Year-On-Year Inflation Recorded In Armenia In Early May

9% YEAR-ON-YEAR INFLATION RECORDED IN ARMENIA IN EARLY MAY

/ARKA/
June 1, 2011
YEREVAN

YEREVAN, June 1. /ARKA/. On Wednesday, Gurgen Martirosyan, chief of
National Statistical Service’s price division, speaking at a news
conference, said 9% year-on-year inflation was recorded in Armenia
in early May, 2011.

“Prices for foods rose 16.2%, for nonfoods 2.4% and for services 2.5%,”
he said.

The highest price rise was seen in bread-producing area – 16.9%,
dairy 22.4%, vegetables and potatoes 35.4%, fruits 19.9%, eggs 20.5%
and meat 9%. Other products became 0.4-0.6% cheaper in early May.

Martirosyan said that 0.04% inflation was reported this May, compared
with the previous month.

“Food prices remained unchanged, while prices for nonfoods went 0.5%
up over one month,” he said.

Services became 0.1% cheaper in May, compared to April. Martirosyan
said 0.1 to 1.3% inflation was seen in seven of 13 kinds of foods
under review. In three groups of products, prices went 2.1-0.2% down,
and in the remaining groups they remained pegged.

Meat prices rose 0.5%, vegetable oil and butter prices went 1.1% up,
sugar prices climbed 1.3% and coffee, tea and cocoa prices 0.1%.

Prices for dairy products rose 0.5% and confectionery 0.2%. Instead,
fishes became 0.2% cheaper, vegetables and potatoes 2.1% and salt
and pepper 0.2%.