Armenia’s consumer market saw a 0.9% price fall in February, after a 3.6% surge during the previous months.

Armenia’s consumer market saw a 0.9% price fall in February, after a 3.6% surge during the previous months, according to the National Statistical Service (NSS).

At a news conference on Tuesday, Gurgen Martirosyan, the head of the NSS Price Statistics and International Comparisons Division, said that such growth in January is normal for Armenia, given that the period coincides with the New Year holidays.

Martirosyan noted that sugar was the only product on the consumer market that had falling prices in January, whereas a February monitoring revealed low prices on other types of products as well (fish, diary, eggs, animal fat and vegetable oil, fruits and vegetables).

The surge, he said, affected only bakery, coffee, meat and other products, but not alcoholic drinks whose prices remained relatively stable, going up only by 1.12% within a month.