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Armenian inflation totals 6.6% in 2007

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  • Armenian inflation totals 6.6% in 2007

    ARMENIAN INFLATION TOTALS 6.6% IN 2007

    Russia & CIS Business and Financial Newswire
    January 9, 2008 Wednesday 5:44 PM MSK

    Armenia posted inflation of 6.6% in 2007, including 1.5% in December
    compared to November, the Armenian National Statistics Service said
    in a statement.

    The cost of food, including alcoholic beverages and tobacco, grew
    2.5% in December, while nonfood prices rose 0.8%. Services grew 0.1%
    in price in December.

    Armenian Central Bank Chairman Tigran Sarkisian said in October that
    inflation was to total 4% in 2007, give or take 1.5%. He said, however,
    that inflation could total 7.5% in 2007 due to external factors.

    From: Emil Lazarian | Ararat NewsPress
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