Consumer prices in Armenia 2.7% up in January 2018

YEREVAN, February 6. /ARKA/. Consumer prices in Armenia rose 2.7% in January 2018, compared with January 2017, the National Statistical Service reported on Tuesday.

Prices for foods, spirits and tobacco products went 4% up and nonfoods and services 3.5% and 0.6% respectively.

In January 2018, compared with the previous month, consumer prices rose 2.7%. The price rise was mostly due to a 5.7% increase in prices for foods and soft drinks.

In the government budget for 2018, inflation is projected at 4% (±1.5%). -0—

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (April 13–19)

The week in the Armenian financial market was influenced by updated assessments from international financial institutions, monetary policy signals, and the continued stability of the foreign exchange market.

Assets of Armenian banks increased by 16.67% to 13.15 trillion drams as of the end of Q1 2026

Total assets of Armenian banks as of March 31, 2026, amounted to 13.1 trillion drams, an increase of 16.67% compared to March 31, 2025.

VTB (Armenia) Expands Payment Options for Russian Tourists

Ahead of the tourist season, VTB (Armenia) is strengthening its acquiring infrastructure, expanding its network and introducing digital payment solutions.

Net remittance inflow to Armenia from abroad increased approximately 3.5-fold in two months

The net inflow of non-commercial money transfers to Armenia, from abroad through the Armenian banks amounted to $303 million in January-February 2026, compared to $87.5 million in January-February 2025, according to a report from the Central Bank.

IMF Improves Armenia’s GDP Growth Forecast to 5.3% in 2026

The International Monetary Fund (IMF) forecasts real GDP growth for Armenia at 5.3% in 2026 and 5.5% in 2027, according to the April World Economic Outlook, published on April 14.

LATEST NEWS

spot_imgspot_imgspot_img