1.9% inflation rate recorded in Armenia’s consumer market in Feb 2011

PanARMENIAN.Net - The National Statistical Service reported that 1.9% inflation rate was recorded in Armenia's consumer market in February compared to January 2011.

The inflation is basically conditioned by 1.5% and 3.4% growth in prices for foodstuff (including alcoholic beverages and cigarettes) and tariffs for services respectively. Prices for non-foods also grew by 0.6% during the reporting period.

The index of consumer prices made 112.4% in February 2011 as compared with the same period in 2010.

The index of prices for foodstuff (including alcoholic beverages and cigarettes) amounted to 117.3%, non-foods – 105.4%, services - 107.5%.

In January-February 2011, the index of consumer prices made 111.5% compared to the same period in 2010, including the index of prices for foodstuff – 116.5%, non-foods - 105.3%, services – 106.1%.