2.5 Inflation Recorded in Armenia’s Market in December 2011

YEREVAN — 2.5% inflation rate was recorded in Armenia’s consumer market in December compared to November of 2011.

During the reported period, prices for foodstuff (including alcoholic beverages and cigarettes), non foods totaled 4.4% and 0.5% respectively, with 0.1% increase in tariffs for services.

In January-December 2011, the index of consumer prices totaled 107.7% compared to the same period in 2010, including the index of prices for foodstuff -112.2%, National Statistical Service reported.

Consumer prices increased by 9% in December 2011 compared to the same period 2010.

The price upsurge is basically conditioned by 12.8% and 5.2% growth in prices for foodstuff (including alcoholic beverages and cigarettes) and non-foods respectively. 4.4% growth was also observed in tariffs for services during the reporting period.

Consumer prices increased bu 1.6-3.4% in December compared November 2011 in all Armenian cities under study, while the highest index was registered in Gyumri.

2.5% growth was recorded in consumer prices in Yerevan.

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