Armenia posts 4.0% inflation rate in 1st halfyearJune 30, 2014 - 18:34 AMT PanARMENIAN.Net - 4.0% inflation rate was recorded in Armenia's consumer market in the first half year of 2014. Over the reporting period, price increase for consumer products amounted to 2.2%, foodstuff – 1.7%, alcoholic beverages and cigarettes – 7.4%, non-foods 2.4%, services – 8.2%. In June 2014, the National Statistical Service posted a 1.8% drop in consumer prices against May. Specifically, the 3.1% price drop for foodstuffs in June was caused by price decrease for vegetables and eggs. A price increase for meat and baked products was also posted in July, Armenia Today said. Over a year, inflation grew by 4,4%, with the services, alcoholic beverages and cigarettes price growing by 8,5% and 7,6% respectively, foodstuffs and essential commodities – 2,6%. Price increase for non-foods stopped at 1,8%. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |