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Salary reduction impacts Armenia's average-income families more
NEWS.AM
January 28, 2012 | 20:20
YEREVAN. - In 2010, Armenia's inflation surpassed the salary increase.
The consumer price index reached 108.2 percent, whereas the average
salary index was only 106.7 percent. And the real salary reduced by
1.4 percent.
This trend continued in 2011, too, as on the average, the real salary
reduced by 1.7 percent. And it was only since August that the
inflation rate somewhat succumbed to the salary growth. In 2010, the
average monthly salary was Armenian drams equivalent to US$ 291.3,
whereas in 2011, this reached $309.4.
Salaries are the main source of income for average-income families.
The real monthly salary reduction impacts the average-income families
more, and the inflation rate has somewhat slowed, since the Armenian
economy's current situation has reached the maximum indicator.
From: Baghdasarian
NEWS.AM
January 28, 2012 | 20:20
YEREVAN. - In 2010, Armenia's inflation surpassed the salary increase.
The consumer price index reached 108.2 percent, whereas the average
salary index was only 106.7 percent. And the real salary reduced by
1.4 percent.
This trend continued in 2011, too, as on the average, the real salary
reduced by 1.7 percent. And it was only since August that the
inflation rate somewhat succumbed to the salary growth. In 2010, the
average monthly salary was Armenian drams equivalent to US$ 291.3,
whereas in 2011, this reached $309.4.
Salaries are the main source of income for average-income families.
The real monthly salary reduction impacts the average-income families
more, and the inflation rate has somewhat slowed, since the Armenian
economy's current situation has reached the maximum indicator.
From: Baghdasarian