YEREVAN, February 26. /ARKA/. Prices in USD for imported goods and services in Armenia rose by 2.2% in Q4 from the same period a year earlier, according to the Central Bank’s report
“Implementation of CBA monetary and credit policy in Q4 2012.”
This index is said to drop by 4.5% in Q3 2012 from a year earlier. The report states the hike in 4Q prices was due to dollar devaluation amid U.S. tax and budget issues in Q4.
Prices for imported goods climbed by 2% in Q4 (year over year) : prices for consumer goods and raw/food goods increased by 3% and 1.9% respectively. Prices for imported services rose by 3%.
This upturn in cost of imported goods and services was instigated by inflation in Armenia last year.
Consumer price index upped amid high dollar inflation in Armenia’s trading partner countries (Russia and Belarus). Inflation at raw materials and food market appeared due to significant increase in global crops prices.
Prices in AMD for imported goods, included into the consumer basket, rose by average 7.6% from a year earlier. It happened amid 2.2% rise in USD prices for imported goods and devaluation of dram/dollar rate by 6.3% within the reported period. ($1-408.1). -0-