Central Bank: One-percent inflaion in Armenia in May, compared with April

Central Bank: One-percent inflaion in Armenia in May, compared with April
ARKA, 17.06.2010

One-percent inflation was reported in Armenia in May, compared with April, the board of the Central bank of Armenia says.
As a result, the 12-month inflation rate lowered by 0.5 percentage points in May, compared with the previous month, to 6.3%.
The board also placed on record that food prices rose 1.8% adding 1.0 percentage points to inflation and nonfood prices climbed 0.9% driving inflation rate 0.15 points up, while services became 0.2% cheaper (0.1 points).
Decrease in prices for services was mainly due to fall in air fares.
Prices for confectionery, meat products, shoes, clothes and textile rose as well adding 0.2 percentage points to inflation.
Instead, prices for eggs and sugar went down curbing inflation.
According to National Statistical Service of Armenia, the country faced 7.6% inflation in Jan-May 2010, compared with the same period of the previous year.
One-percent inflation was recorded in Armenia in May, compared with April.
Consumer price index was 105.3% in May 2010, compared with December 2009.
In the 2010 state budget, the annual inflation is planned at 4% (±1.5%).-0--