Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia posts second highest inflation in CIS

YEREVAN, October 5, /ARKA/. Armenia posted a 7.7% inflation rise in the first eight months of this year, one of the highest among other former Soviet republics making the Commonwealth of Independent States (CIS), the CIS Statistical Committee said.

The average inflation rate in the reporting period of time in CIS was 7%. The inflation in Armenia rose by 1.3% in August from July. The highest inflation rate of 9.2% was reported by Ukraine. It was followed by Armenia -7.75, Moldova- 7.1%, Kazakhstan- 7%, Belarus -6.7% and Russia-6.4%. Tajikistan, Azerbaijan and Kyrgyzstan posted 5.4%, 5% and 4.1% inflation rise respectively. No information was available on Uzbekistan and Turkmenistan. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

LATEST NEWS

spot_imgspot_imgspot_img