Armenia posts 2.5 percent 12-month inflation in September

YEREVAN, October 1. / ARKA /. Armenia’s inflation in September 2012 rose by 2.5 percent when compared to the same month of 2011, largely due to an increase in prices of non-food products by 5.7% and prices of services by 2.1%, according to the latest numbers released by the National Statistical Service (ArmStat).

According to ArmStat data, the prices of food products (including alcoholic beverages and tobacco products) grew by 1.8% over the last 12 months. The consumer price index in January-September 2012, when compared with January-September 2011, rose by 2.3%, including a 1.9 percent rise in prices of foodstuff, a 4.2 percent rise in prices of non-food products and a 2.1 percent rise in prices of services.

Consumer price index in September, when compared to the previous month, rose by 0.8%. Food prices (including alcohol and tobacco) increased by 1%, prices of non-food prices and services increased by 1.5% and 0.1% respectively.

ArmStat data say consumer prices rose by 0.2-1.0% in all towns included in the relating survey. The highest growth of 0.9 percent was reported in Vanadzor, Dilijan and Yeghegnadzor and in the capital city Yerevan. The government projection of inflation for this year is 4% (± 1, 5%). -0-