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Armenia Affected By Highest Inflation Growth In January In CIS

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  • Armenia Affected By Highest Inflation Growth In January In CIS

    ARMENIA AFFECTED BY HIGHEST INFLATION GROWTH IN JANUARY IN CIS

    /ARKA/
    March 4, 2011
    YEREVAN

    YEREVAN, March 4, /ARKA/. An Armenian daily Hayots Ashkhar (Armenian
    World) says in today's issue that Armenia was affected by the highest
    inflation growth of 2.8% in the first month of 2011 among some other
    former Soviet republics which make the Commonwealth of Independent
    States (CIS). Moreover, the Armenian inflation is even higher than
    in European Union member countries, it says.

    The daily says in terms of inflation rate Armenia has left behind even
    Kyrgyzstan that topped the list of CIS countries by this indicator. In
    2010 the Central Asian nation was hit by a 20% inflation. In January
    2011 it was 2.7%, by 0.1 p.p. less than in Armenia. The daily says it
    is apparent that high inflationary pressure migrated from January into
    February as well. Thus, over the first two months of 2011 consumer
    goods prices rose by 4.8% and the inflation for the 12 months rose
    to 12.4%, the highest rate in Armenia over the last 15 years.




    From: A. Papazian
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