Sun, 27 July
25.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

Armenia had one of highest inflation rate of 10.6% among CIS countries

YEREVAN, March 9, /ARKA/. Armenia had one of the highest inflation rise of 10.6% among other former Soviet constituent republics making the Commonwealth of Independent States (CIS) in a time span between 2010 January and 2011 January, according to the latest numbers, revealed by the CIS Statistical Committee.

According to these numbers, the average inflation in CIS during that period of time was 9.5%. The Armenian inflation in January 2011 rose by 2.8% from 2010 December, while the average inflation rise in CIS was 2%. The highest inflation of 20.6% between January 2010 and January 2011 was in Kyrgyzstan. It was followed by Tajikistan with 11.2%, followed by Belarus –  10.6% , Russia– 9.6%, Azerbaijan – 8.3% and Ukraine -8.2%. Inflation in Kazakhstan and Moldova rose by 8.1% and 6.7% respectively. No data on Turkmenistan and Uzbekistan were available. -0-

spot_img

POPULAR

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.

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.

A scheme for stealing funds through fake investment platforms  exposed in Yerevan

A criminal group operating in one of the capital's business centers and stealing citizens' money through Internet calls has been exposed in Armenia, the Investigative Committee of Armenia reports.

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.

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.

LATEST NEWS

spot_imgspot_imgspot_img