Armenia’s consumer prices hike 2.8% in January

Armenia’s consumer prices hike 2.8% in January

YEREVAN, February 4. /ARKA/. Consumer prices rose by 2.8% in Armenia in January 2014, ArmStat reported.

A 5.1% increase in prices for foodstuffs (including alcoholic drinks and tobacco products) was the main factor contributing to general increase in consumer prices in the period, says the report.

Prices for nonfoods dropped by 0.3% over the month; services prices hiked by 0.3%.

Consumer price index was 105.5% for January against December 2013; the index was 104.2% for foodstuffs alone (including alcoholic drinks and tobacco products), 103.4% for nonfoods and 109.1% for services.

Armenia posted 5.8% inflation in 2013. The country’s 2014 budget envisaged 4% (±1.5%) inflation level. –0-- 

14:47 04.02.2014

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