YEREVAN, July 21, /ARKA/. The Central Bank of Armenia said the inflation rate continues to drop. The Bank’s Council stated at the latest meeting that the 12-month inflation rate is falling at a quicker than-expected rate in conditions of gradual toughening of money and credit terms.
‘Despite the risks that the inflation environment will persist the inflation rate in Armenia continues to fall conditioned by external signals,’ the Central Bank has predicted.
According to the National Statistical Service, the inflation rate in the first six months of the year dropped to 5.8% year-on-year. In June the deflation was 0.8% from May. The government has projected a 4% (±1,5%) full-year inflation rate. -0-
