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Central Bank: Inflation In Armenia Keeps Slowing Down

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  • Central Bank: Inflation In Armenia Keeps Slowing Down

    CENTRAL BANK: INFLATION IN ARMENIA KEEPS SLOWING DOWN

    /ARKA/
    June 17, 2010
    YEREVAN

    Inflation in Armenia keeps slowing down, the board of the Central
    Bank of Armenia reports.

    The board placed it on record that under the monetary policy tightening
    that started at the beginning of this year, the 12-month inflation
    is slowing down faster than expected.

    "Despite risks of inflation environment still remain, inflation will
    slow down thanks to outside factors," the central bank's board says.

    According to National Statistical Service of Armenia, the country
    faced 7.6% inflation in Jan-May 2010, compared with the same period
    of the previous year.

    One-percent inflation was recorded in Armenia in May, compared
    with April.

    Consumer price index was 105.3% in May 2010, compared with December
    2009.

    In the 2010 state budget, the annual inflation is planned at 4%
    (±1.5%).




    From: A. Papazian
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