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Inflation in Armenia to range within government-planned margins

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  • Inflation in Armenia to range within government-planned margins

    Finance minister: inflation in Armenia to range within
    government-planned margins

    YEREVAN, August 28. /ARKA/. Armenian Finance Minister Tigran Davtyan,
    speaking Friday in Novosti International Press Center, said inflation
    would range within the margins planned in the state budget.

    The government planned 4% (±1.5%) inflation in the 2009 state budget.

    `Now inflation rate is quite low in the country. The country recorded
    monthly deflation. This deflation is due to season factors', Davtyan
    said answering ARKA News Agency's question.

    National Statistical Service of Armenia says 2.7% inflation was
    recorded in the country in Jan-July 2009, compared with the same period
    a year earlier.

    Consumer prices grew 2.4%in July 2009, compared with December 2008, and
    2.7% deflation was recorded in July, compared with June.

    `We expect inflation to be quite low also in the next year', Davtyan
    said.

    He thinks that signs of recovery are increasingly becoming visible in
    Armenia and the recovery will begin later this year.

    `This progress is mostly due to the steps the government has taken for
    seven months and is being taken now', the minister said. M.V.-0---
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