YEREVAN, October 31. /ARKA/. Inflation was 3.4% in Armenia in October 2012 compared to the year before, the country’s National Statistical Service reported.
According to the report, the above inflation rate was recorded mainly due to a 5.7% rise in prices for nonfoods and a 2.3% rise in service prices.
Prices for foodstuffs (including alcohol and tobacco) went 3.5% up in October 2012 versus October 2011.
Consumer price index was at 102.4% in January-October 2012, as compared with the same period of the year before. The same index was 102% for foodstuffs only (including alcohol and tobacco), 104.4 for nonfoods and 102.1% for services.
Consumer prices dropped 1.2% in October against September. Prices for foodstuffs (including alcohol and tobacco) went 1.9% down in the period. Prices for nonfoods and services rose by 0.9% and 0.2% respectively.
Under the government budget, inflation is expected at 4% (±1.5%) in Armenia in 2012. –0--