Only 3% deflation
A 3% deflation was registered in the consumer market in Armenia in June-July 2009 and prices for products decreased by 2.7% in July compared to June, as reported by the National Statistical Service of Armenia.
The National Statistical Service ties the deflation with seasonal changes of prices for consumer goods. For example, prices for grocery items (including alcohol and cigarettes) reduced by 5.2% in July compared to June, while prices for non-grocery items and services went up by 0.5% and 0.1% respectively.
According to studies, compared to last year, this month there was a 5.7% deflation of grocery products, which was mainly the result of the 30.2-9.8% deflation of prices for fruits, vegetables and eggs.
In the same period there has been a 0.7% inflation for meat products, which is mainly due to the inflation of prices for pork and cow-2.1% and 1.3% respectively.
In July 2009, compared to June, there was a 0.5% inflation in stores, which was mainly due to the 0.7% inflation for textile, 0.8% for electronic appliances, 2.1% for clothing, 2.1% for dishwashing liquids and laundry detergents and 4.8% for stationery.
There was a 0.1% inflation in the services field.
