Armenia’s food prices dropped 1% in March

Armenia’s food prices dropped 1% in March

YEREVAN, April 1. /ARKA/. Foodstuff prices fell by 1% in Armenia in March compared to February, ArmStat reported.

General decrease was recorded due to reduced prices for vegetables and potatoes, vegetable and animal oils, fish products, according to the report. In March this year against March 2013, food prices rose by 1%.

Prices for vegetables and potatoes alone dropped by 6.2% compared to February; a 3.6% year-on-year increase was recorded compared to March 2013.

Prices for vegetable and animal oils fell by 1.3% against the month before and by 3.7% compared to March 2013.

A 1% reduction is seen in fish prices; year-on-year increase was 7.1%.

Meat product prices reduced by 0.7% compared to February and by 1.4% against March 2013.

Average egg prices dropped by 0.6% in February, but rose by 8.5% against March the year before.

Fruit prices rose by 1.4% in March against February and fell by 8.4% compared to March 2013 levels.

Prices for milk products hiked by 1% against February and by 10% compared to March the year before.

Consumer prices fell by 0.4% in Armenia in March this year. A 4.6% increase was recorded in consumer prices in March-January compared to the same period of 2013. Armenia’s inflation is projected at 4% (±1.5%) under the 2014 budget. –0--

11:22 01.04.2014

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