YEREVAN, NOVEMBER 1, NOYAN TAPAN. The rise in prices of butter, vegetable oil, bread and flour in October 2007 on December 2006 contributed to the overall rise of 4.3% in consumer prices. Without the price changes of the indicated foodstuffs, the index of consumer prices would have made 98.7% in the indicated petriod instead of the registered index of 103%. According to the RA National Statistical Service, the inflation tendency, which was registered in the Armenian consumer market in September 2007, continued in October, with the overall two-month inflation making 3.8%. Consumer prices grew by 3.1% in October on September, including a 5.6% growth in food commodities (including alcoholic drinks and cigarettes), and a 0.7% growth in non-food commodities. A 0.1% growth of tariffs was registered in the service sector. The tendency of increasing bread, flour, butter and vegetable oil prices continued in the country. The inodicated products make up 13.91% of the consumer basket. Their overall inflation of 13.5% contributed to a 1.7% overall inflation of consumer prices in October 2007. Without price changes in the indicated foodstuffs, the index of consumer prices would have made 1.4% in Armenia in October on September 2007. The average monthly growth of consumer prices made 0.3% in January-October 2007, exceeding by 0.05% the respective index in the same period of last year (0.25%). The consumer price index made 105.7% in October 2007 on the same month of 2006, including the index of food commodities (including alcoholic drinks and cigarettes) - 109.2%, of non-food commodities - 99%, of service tariffs - 103.2%. The indices in January-October 2007 on the same months of 2006 made 103.9%, 105.2%, 99% and 104.4% respectively.

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