Monday, October 02, 2006

Armenia posts 0.3% deflation in Sept

Oct 2 2006 4:18PM
Interfax

YEREVAN - Armenia had deflation of 0.3% in September, the National Statistics Service told Interfax.

Consumer prices rose 2.3% in January-September.

Prices for food, including alcohol and tobacco, fell 0.9% in September compared with August. Nonfoods went up 0.2% while service charges fell 0.5%.

Average monthly price growth was 0.3% in January-September 2006, compared with a reduction of 0.4% in the same period of last year.

The state budget targets 3% inflation for the full year in 2006. Prices fell 0.2% in 2005. pr

Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.

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