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A 2.5% price increase in Armenia in January 2015 was followed by a considerable fall in prices, Gurgen Martirosyan, the head of price statistics department at Armenia’s National Statistical Service, told a press conference today as he summarized the inflationary trends in the first half of 2015.

“Prices were down by 0.4% in April, 0.5% in May and 1.4% in June. If compared with the level of consumer prices in June 2014, these numbers did not change,” he said.

Prices of food commodities and non-foods fell by 3% and 0.6% respectively, while tariffs of services rose by 0.1% in June 2015 on May, G. Martirosyan said. Nevertheless, a 5.5% increase in consumer prices was reported in Armenia in June 2015 compared with the same month of 2014 – food prices grew 5.5%, nonfood prices 7%, and service tariffs increased by 4.1%, the expert said.