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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
/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