Food prices in Armenia fall 1% in August, compared with 9.6% rise in year-ago period, data shows; vegetable prices fall 10.7%, fruit prices drop 5.9%, soft drink prices rise 2.1%, cereal products prices rise 0.3%

YEREVAN, Armenia , September 2, 2013 () – In August 2013 versus July 2013, food prices in Armenia (including the prices of alcohol and tobacco) dropped by 1% (up 9.6% versus Aug 2012), and in Jan-Aug 2013 the prices rose by 0.4% (up 5.8% versus Jan-Aug 2012). The National Statistical Service of Armenia has told ArmInfo that the August deflation in the foot market was mostly due to reduction in vegetable prices by 10.7%, fruit prices by 5.9% and granulated sugar prices by 2.6%. In the meantime, salt grew in price by 6.3%, soft drinks - by 2.1%, fish products - by 0.4%, cereal products - by 0.3%, and meat products - by 0.2%. The average egg price grew by 1.2% in August 2013 and by 27.9% versus August 2012. The prices of alcohol, tea, coffee, cocoa, animal fat, vegetable oil, as well as dairy and confectionary products were up 0.1-1.1%.

To note, the consumer market of Armenia saw 3.5% inflation in Jan-Aug 2013 (5.3 inflation versus Jan- Aug 2012) and 0.3% inflation in August alone.

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