4.5 Percent Inflation recorded in Armenia in July 2008
4.5 Percent Inflation recorded in Armenia in July 2008ARKA, 01.08.2008
National Statistical Service of Armenia says 4.5-percent inflation was recorded in Armenia in July 2008. According to the statistical report, prices went 2.2 percent down in July, compared with June. The report says Armenia’s consumer market grew 10.7% more expensive in July 2008 than it was in the same month a year earlier. Foodstuff prices have jumped 4.4 percent over July, and non-food and services prices climbed 0.7 percent and 0.4 percent. According to the state budget, 4-percent (±1.5%) inflation is planned in Armenia for late 2008.
