2,5% inflation rate recorded in Armenia’s consumer market in Dec 2011

PanARMENIAN.Net - 2.5 % inflation rate was recorded in Armenia's consumer market in December compared to November 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 December 2011, the index of consumer prices made 104,7% compared to the same period in 2010, including the index of prices for foodstuff (including alcoholic beverages and cigarettes) –105,8%, non-foods -104,3%, services – 102,9%.

In January-December 2011, the index of consumer prices totaled 107,7% compared to the same period 2010, including the index of prices for foodstuff –111,2% %, National Statistical Service reported.

Consumer prices increased by 9% in December 2011 compared to 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 by 1,6-3,4 % in December compared to 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.