Tweet
CBA EXPECTS 8% INFLATION IN 2013, BANK'S OFFICIAL SAYS
June 11, 2013 - 21:01 AMT
PanARMENIAN.Net - The Central Bank of Armenia expects inflation
of up to 8% during 2013, deputy head of CBA monetary and credit
department said.
As Artur Stepanyan further noted, the increase in inflation forecast
of 4±1,5% is conditioned by a hike in gas and electricity prices as
well as devastating hail in May.
According to him, growing cost of products and services caused by the
gas and electricity tariffs upsurge will also affect the inflation
growth.
However, he said, inflation will drop in late 2014.
June 11, 2013 - 21:01 AMT
PanARMENIAN.Net - The Central Bank of Armenia expects inflation
of up to 8% during 2013, deputy head of CBA monetary and credit
department said.
As Artur Stepanyan further noted, the increase in inflation forecast
of 4±1,5% is conditioned by a hike in gas and electricity prices as
well as devastating hail in May.
According to him, growing cost of products and services caused by the
gas and electricity tariffs upsurge will also affect the inflation
growth.
However, he said, inflation will drop in late 2014.