Lowest Annual Inflation Among CIS Countries - 7% - Recorded In Armen

[Zargarian Hambik]

LOWEST ANNUAL INFLATION AMONG CIS COUNTRIES - 7% - RECORDED IN ARMENIA IN JAN-FEB

ARKA
April 4, 2008

YEREVAN, April 4. /ARKA/. The lowest annual inflation among CIS
countries - 7% - was recorded in Armenia in January-February as
compared with the same period of 2007. This evidence is provided
by the data of CIS Statistical Committee. The average inflation of
consumer prices in CIS countries was 15% in the period.

According to CIS Statistical Committee, the February inflation was
1.1% in Armenia as compared with January. Inflation was recorded in
all CIS countries.

In January-February, maximum rise in consumer prices was recorded
in Tajikistan - 26% (0.7% inflation in February against January)
followed by Kyrgyzstan - 21.1% (1.7% in February against January),
Ukraine - 20.6% (2.7%), Kazakhstan - 18.8% (0.8%), Azerbaijan - 15.7%
(2.2%), Moldova - 14.4% (1.5%) and Belarus - 12.8% (0.7%).

In January-February 12.6% inflation was recorded in Russia against
the same period of 2007 (1.2% in February against January). Georgia
had 10.8% inflation in the period (0.9% in February against January).

No data are provided on Turkmenistan and Uzbekistan.