Food products, services cause of 0.8% inflation in Jan-Apr 2024 

 Friday, May 10 2024 13:19:00
Food products, services cause of 0.8% inflation in Jan-Apr 2024 

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

Population of Armenia as of July 1, 2020 increased slightly 
 Wednesday, August 5 2020 15:45

ArmInfo. The population of Armenia as of July 1, 2020 amounted to 2.963 million people, having slightly increased on an annualized basis by 0.05% or 1.4 thousand  people.  This is evidenced by the data of the RA Statistical Committee.

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Y-o-y inflation in July 2020 amounted to 1.5% on the Armenian  consumer market, with deflationary 1.1% in Jan-July
 Wednesday, August 5 2020 13:59

ArmInfo.Deflation of 1.1% was recorded in the consumer market of Armenia in January-July 2020, against 1.8% deflation in the same period of 2019. According to the RA Statistical Committee, this was provoked by a decrease in prices  for food products (including alcohol and cigarettes) by 2.7% and  non-food products by 1.2%, while tariffs for services increased by  0.9%.

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"Armenal" provided the highest indicator for the entire period of  foil-rolling production in Armenia
 Wednesday, August 5 2020 13:58

ArmInfo. In the first half of 2020 "Armenal" plant provided the highest indicator for the entire period of foil-rolling production in Armenia. Thus, according to the  Statistical Committee of the Republic of Armenia, during the  reporting period, the production of aluminum foil increased by 13.7%  in y-o-y terms (against 5.8% decline in the previous year), amounting  to 17 443 tons.

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Armenian trade sector turnover continues to decline
 Wednesday, July 8 2020 12:23

ArmInfo. The turnover of the  Armenian trade sector continues to decline. According to the RA  Statcommittee, in January-May 2020, the trade sector showed a decline  of 10.8% yoy (against growth of 9.4% a year earlier), with a volume  of 1.027 trillion. drams ($ 2.1 billion).  This decline is due to a  noticeable decline in retail sales and slightly smaller car and  wholesale trade.  However, only in May 2020, the trade sector showed  a growth of 33.3% after the April recession of 29.4%, with a volume  of 210.6 billion drams ($ 435 million).

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Alcohol production decline recorded in Armenia
 Tuesday, July 7 2020 20:47

ArmInfo. In January-May 2020, the production volumes of alcoholic beverages produced in Armenia demonstrate a downward trend. According to the RA Statistical Committee, during the reporting period, the volumes of absolutely all  alcoholic beverages produced in Armenia decreased.

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In H1 2020, inflation of 1% was recorded in Armenia`s consumer market  with y-o-y inflation of 0.5%
 Tuesday, July 7 2020 18:58

ArmInfo. In the first half of 2020,  inflation in the consumer market of Armenia was recorded at 1%,  against 0.1% inflation in the same period of 2019. This was triggered  by a 2.3% rise in prices for foodstuffs and an increase in tariffs  for services by 0.6%, amid drop in prices of non food products  (including alcohol and cigarettes) by 0.9%. In y-o-y terms (compared  with the first half of 2019), the consumer market recorded inflation  of 0.5% (against inflation of 2% a year ago), which was facilitated  by a rise in price of non-food products by 1% and an increase in  tariffs for services by 1.3%, with no changes in prices of food  prices. According to the data of the Statistical Committee of the  Republic of Armenia, the average monthly growth in consumer prices  amounted to 0.2% in the first half of 2019, against the growth by  0.02% a year earlier.

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Metallurgical industry increased production by 24.4%
 Tuesday, July 7 2020 18:28

ArmInfo. Armenian metallurgical  industry is increasing production volumes. According to the data of  the Statistical Committee of the Republic of Armenia, in January-May  2020 the sector ensured growth of volumes by 24.4%, against the 7.4%  decline a year earlier for the same period.  In particular, the  production of copper concentrate increased by 24.1% to 156.8 thousand  tons, against a decline of 9.2% a year earlier. In monthly terms,  copper concentrate production increased by 10.1% to 35.1 thousand  tons.

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An increase of electricity production registered in Armenia in Jan-May 
 Tuesday, July 7 2020 15:21

ArmInfo.  In Armenia in  January-May 2020 electricity generation amounted to 3,246.1 million  kWh, with a y-o-y growth of 8.3% (against a decline of 7.4% a year  earlier). 

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Armenian trade sector declines for the first time in many years
 Wednesday, June 10 2020 20:59

ArmInfo. In the first years in  many years, the Armenian trade sector began to decline, which was  associated with the introduction of restrictions by the Commander for  emergency situations on a number of economic activities due to the  spread of a new type of coronavirus.  Thus, according to the RA  Statistical Committee, the revenue of the Armenian trade sector in  January-April 2020 decreased by 8.6% (against growth by 9.8%),  amounting to 816.1 billion drams ($ 1.6 billion). The last time a  decrease in trade in the Republic of Armenia was registered in  January-October 2016 (0.1%).  At the same time, in April 2020 alone,  trade turnover in Armenia showed a decline of 29.4% (annual decline  of 1.8%) to 158.5 billion drams ($ 324.4 million).

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Communication sector`s revenues decreased by 2.8%in January-April  2020 
 Tuesday, June 9 2020 14:03

ArmInfo. Communication   sector's revenues of Armenia amounted to 45.8 billion drams ($ 95  million) in January-April2020, having decreased by 2.8% year on year,  against the 4.5% decline a year earlier. According to the RA  Statistical Committee, of the total proceeds, the lion's share is  provided by the telecommunication sector - 90.3% or 41.4 billion  drams with an y-o-y decline of 3.1% (against the 8.7% decline a year  earlier).

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In May 2020, y-o-y inflation in Armenia`s consumer market amounted to  1.2%, and in Jan-May - 2.5%
 Tuesday, June 9 2020 14:01

ArmInfo. In January-May 2020,  inflation in the consumer market of Armenia was recorded at 2.5%,  against 2% inflation in the same period of 2019. According to the  Statistical Committee of the Republic of Armenia, this was triggered  by an increase in the prices of food products (including alcohol and  cigarettes) by 5.6% (against 3.7% a year earlier) and tariffs on  services - by 0.4% (against the same 0.4% a year earlier), with the  cheapening of non-food products by 0.5% (against the rise in price by  0.9% a year earlier). In y-o-y terms (compared with January-May  2019), the consumer market recorded inflation of 0.3% (versus  inflationary 1.9% a year ago), which was facilitated by a rise in  price of non-food products by 1.2% and an increase in tariffs for  services by 1,3%, while the cost of food products declined by 0.6%.

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In Armenia, economic activity decreased by 1.7% per annum by May 2020
 Tuesday, June 9 2020 12:38

ArmInfo.  In Armenia, economic  activity in January-April 2020 fell by 1.7% per annum (against 7%  growth a year earlier), against the backdrop of a decline in exports  and imports by 8.1% and 11.5%, respectively. According to the final  data of the Statistical Committee of the Republic of Armenia, the  industrial sector, the services sector and the energy sector  demonstrated growth while, the trade and construction sectors were in  decline, and the data on the agricultural sector are published in the  statistical report only quarterly.

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Armenia increased metallurgical production by 28% per annum
 Monday, June 8 2020 20:17

ArmInfo. The metallurgical  industry of Armenia increased in January-April 2020. production  volumes by 28%, against the 13.1% decline a year earlier. This is  evidenced by the data of the Statcommittee of the Republic of  Armenia.

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Electricity generation increased by 10.3% per annum in Armenia
 Monday, June 8 2020 17:52

ArmInfo.  Electricity generation  in Armenia in January-April 2020 amounted to 2670.7 million kWh, with  y-o-y growth of 10.3%, against a decline of 9.2% a year earlier.   However, in April alone a decline of 5.6% was recorded to 587.4  million kWh.

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Manufacturing sector affected the growth rate of Armenia`s industrial  sector 
 Monday, June 8 2020 17:46

ArmInfo. The negative trend of the manufacturing industry in January-April 2020  affected the growth   date of the industrial sector in Armenia. According to the data of  the Statistical Committee of the Republic of Armenia, during the  reporting period, the volume of industrial production of Armenia  increased by 4.2% versus the same period of 2019 (against the 4.5%  growth a year earlier), amounting to 585.2 billion drams ($ 1.2  billion). In April alone, the industry showed a decline of 9.2% to  135 billion drams ($ 275.8 million).

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Armenia steadily increases aluminum foil production
 Monday, June 8 2020 12:02

ArmInfo. In January-April 2020, the y-o-y output of aluminum foil in Armenia increased by 12.5%, amounting to a total of 11,686 tons, against the 4.1% decline a year  earlier over the same period.

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Negative balance of Armenia`s foreign trade is reduced due to a  disproportionate decline in exports and imports
 Monday, May 25 2020 19:46

ArmInfo. The negative balance of foreign trade turnover of Armenia has decreased in January-April 2020 by 16.2% per annum, against the growth of 9.2% a year earlier.

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Economic activity in Armenia by May 2020 has decreased
 Monday, May 25 2020 15:07

ArmInfo.Economic activity in Armenia, in January-April 2020 has decreased by 1.7% per annum (against 7% growth a year earlier), against the backdrop of a decline  in exports and imports by 8.1% and 11.5%, respectively. According to  preliminary data of the RA Statistical Committee, in the industry  breakdown, the industrial sector, the services sector and the energy  sector showed growth, the sectors of trade and construction were in  decline, and data on the agricultural sector are published in the  statistical report only quarterly.

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In Q1 of 2020, the highest decline was recorded in volume of services  in education field 
 Wednesday, May 20 2020 16:47

ArmInfo. In the first quarter of 2020 the service sector in Armenia reduced the y-o-y growth rate from 17.3% (for the same period of 2019) to 5.7%, amounting to 452.4 billion AMD ($ 937.8 million). According to the data of the  Statistical Committee of the Republic of Armenia, for March 2020 the  volume of services provided decreased by 5.3%, to 147.1 billion drams  (over $ 301 million).

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Armenia`s communications sphere declines
 Monday, May 11 2020 18:44

ArmInfo. Revenues of the communication sphere of Armenia in the first quarter of 2020 amounted to 34.8 billion drams ($ 72.2 million), decreasing by 1.2% year on  year, against the 2.3% growth a year earlier.

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