Armenia's 12-month inflation reaches 1.5% in December 2024

YEREVAN, JANUARY 10, ARMENPRESS.  In December 2024, the 12-month inflation rate in the consumer market of the Republic of Armenia was 1.5% compared to December 2023. Inflation in December 2024, compared to November 2024, stood at 1%, according to the Statistical Committee.

For the period of January-December 2024, the consumer price index surpassed the corresponding figure for the same period in 2023 by 0.3%.

In December 2024, prices for alcoholic beverages and tobacco products rose by 3.8% compared to December 2023, while inflation for these items stood at 5.4% year-on-year for the period January-December 2024. No changes in prices were recorded on a month-on-month basis in December 2024.

Clothing and footwear were 2.6% cheaper in December 2024 compared to the same month in 2023. Compared to November 2024, their prices decreased by 0.1%. For the January-December 2024 period, deflation amounted to 1.4% compared to the same period in 2023.

In December 2024, prices for housing services, water, electricity, gas, and other types of fuel decreased by 0.2% compared to December 2023 but increased by 0.9% compared to November 2024. For the January-December 2024 period, prices rose by 0.1% year-on-year.

Prices for household items, household appliances, and daily household care products dropped by 2.5% in December 2024 compared to the same month in 2023 and remained unchanged from November 2024. Year-on-year, prices for these goods decreased by 1.8% during the January-December 2024 period.

In the healthcare sector, prices in December 2024 were 3.2% higher than in the same month in 2023. Compared to November 2024, they rose by 0.6%. For the period of January-December 2024, prices were 1.3% higher than in the same period of 2023.

Transport prices in December 2024 increased by 3.3% compared to December 2023. However, compared to November 2024, a decrease of 1.6% was observed. For the January-December 2024 period, transport prices rose by 8.4% year-on-year.

In the communications sector, inflation in December 2024 compared to December 2023 was 0.4%. No change in prices was recorded compared to November 2024. For the period of January-December 2024, prices increased by 0.2% compared to the same period in 2023.

In the sphere of recreation and culture, prices in December 2024 were 0.4% higher than in the same month of 2023. Compared to November 2024, inflation was 0.8%. For the January-December 2024 period, prices increased by 0.4% compared to the same period in 2023.

In the sphere of education, prices in December 2024 were 7.8% higher than in December 2023 and remained unchanged compared to November 2024. For the January-December 2024 period, prices rose by 5.8% compared to the same period in 2023.

In December 2024, prices for restaurants and hotels increased by 1.4% compared to December 2023, but decreased by 0.2% compared to November 2024. For the period of January-December 2024, prices rose by 2.9% compared to the same period in 2023.