Armenia among CIS countries facing highest year-on-year inflation in Jan-Sept 2010

Economy

YEREVAN, November 3. /ARKA/. In Jan-Sept 2010, Armenia was among the CIS countries having the highest year-on-year inflation.

According to the statistical service of the Commonwealth of Independent States, Armenia faced 7.8% year-on-year inflation in Jan-Sept 2010 as price rise in the CIS countries averaged 7%.

The statistical report states that consumer prices in Armenia went 0.2% down in September, compared with August.

All the CIS member countries faced inflation in Jan-Sept 2010.

The highest, 9.3% price hike was recorded in Ukraine, Moldova, with its 7.2% inflation, follows Ukraine.

The CIS statistical service says 7% inflation was recorded in Kazakhstan, the same inflation rate in Belarus, and 6.4% in Russia.

Consumer prices rose 5.6% in Tajikistan, 5.2% in Azerbaijan and 4.9% in Kyrgyzstan.

No data on Turkmenistan and Uzbekistan are available. -0-

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