ARMENIA-FOOD PRICES-DEFLATION-AUG

In Jan-Aug 2011 food prices in Armenia dropped by 2.4%. In Aug 2011 they dropped by 1.2%. 

According to the National Statistical Service of Armenia, this drop was due to 13.6-1.5% decline in fruit, vegetable, potato and bread prices. The prices of 6 out of 13 food product groups dropped by 13.6-0.1%, the prices of 5 groups grew by 0.2-1.5%. In 2 groups the prices did not change.

In Aug 2011 as compared with Aug 2010 fruit prices dropped by 5.5%, as compared with July 2011 - by 13.6%. Vegetable and potato prices dropped by 25.7% and 4.9%, respectively. Bread prices grew by 8.4% and dropped by 1.5%, respectively.

Egg, fish, fat and vegetable oil dropped by 0.8 and 0.1%, dairy prices grew by 21.8% and 1.5%, meat prices - by 12.9% and 1.2%, respectively. 

In Jan-Aug 2011 deflation was 0.2%, in Aug 2011 - 0.6%

 

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