Consumer prices in Armenia in late June 2023 were down 0.5% as opposed to June 2022, the National Statistical Committee (NSC) said in a report today.
According to NSC numbers, the consumer prices in late June were down 1.4% compared to the previous month of May.
Prices for food and non-alcoholic beverages decreased by 5.5% year-on-year. Prices of alcohol and tobacco products went up 8.6%, while prices for clothing and footwear rose by 4.8% and utilities grew by 2.2%.
Prices of household goods and appliances rose 6.6%. Health care prices rose 3.42%, transportation prices recorded a decline of 3.91%, communications prices decreased by 0 2%, prices for recreation and culture events increased by 3.4% , education services rose in price by 4.7%, restaurant and hotel prices upped 6.6%.
Also, prices of non-food products in June 2023 compared to June last year were up 0.3%. Prices for services in June 2023 compared to June 2022 were up 3.9%.
Armenian government's growth projection for 2023 is 7%. The inflation forecast is 4% (±1.5%). Armenia's economic activity upped 12.5% year-on-year in the first five months of 2023.
The Central Bank's growth forecast for 2023 is 6.9% and expected inflation is slightly below the 4% target, ARKA reports.
