3% inflation recorded in Armenia in December

3% inflation was recorded in Armenia’s consumer market in December compared to November 2014. There was a 5.1% increase in food prices, including alcohol drinks and tobacco products, 0.2% increase in prices of nonfood products, and 0.7% increase in tariffs of services, according to the National Statistical Service of Armenia.   

The consumer price index was 104.6% in December 2014 on December 2013  -  106.3% for foods, 101.6% for non-foods, and 103.9% for services.

The average monthly growth in consumer prices made 0.4% in January-December 2014, declining by 0.1% compared to the index of the previous year (0.5%).

Consumer prices grew by 2.7-4.0% in Armenian cities in December on November 2014. The highest indices were recorded in the cities of Gyumri and Ashtarak. Consumer prices rose by 2.7% in the capital city.