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Economy | 01.09.10 | 16:35

Inflation: Armenian National Statistical Service reports price hike

By Karine Ionesyan
ArmeniaNow reporter
The National Statistical Service of Armenia reports that consumer prices rose by up to two percent during August, reflecting a steady rise that has been influenced by inflation and by weather-related impact on produce and fruit.

It has been a particularly sour summer for fruit prices as this August saw melons, peaches, etc. cost and average of 35.6 percent more than the same month last year. For example, apricots that last year cost as little as 100 drams (27 cents), this year cost 1,000 ($2.70) – the hardest of crops suffering a late spring frost.

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