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Armenia Ends 2009 With 5.5% Inflation

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  • Armenia Ends 2009 With 5.5% Inflation

    ARMENIA ENDS 2009 WITH 5.5% INFLATION

    ARKA
    Dec 28, 2009

    YEREVAN, December 29. /ARKA/. On Monday, Arthur Javadyan, chairman
    of the Central Bank of Armenia, summarizing the results of 2009,
    said the country would end this year with 5.5% inflation.

    "Growth in crediting the economy, comparison of the upper inflation
    benchmark and the achievement of the set goal give us ground for
    saying that the central bank's policy of spurring the economy can be
    viewed as successful," he said.

    According to statistical reports, 3.1% inflation was recorded in
    Armenia in Jan-Nov 2009, compared with the same period a year earlier.

    Consumer prices rose 4.5% in November, compared with December 2008,
    and 1.2%, compared with October 2009.

    From: Emil Lazarian | Ararat NewsPress
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