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

One of the highest inflations in CIS fixed in the 1st quarter of 2011 in the amount of 11.1% in Armenia

YEREVAN, May 19. /ARKA/. One of the highest mid-year inflations in the amount of 11.1 % (compared with 2010) among CIS countries was recorded in the 1st quarter of 2011 in Armenia, Armenian National Statistic Service informs.

Consumer prices in CIS countries increased in average by 7.7% in the same period.

In March, consumer prices increased by 0.8% (inflation of 0.9%) compared with February.

In the 1st quarter of 2011 inflation was recorded in CIS countries compared with 2010. Maximum growth of consumer prices was recorded in Kazakhstan – 20.3% and Belarus – 12.5%. Then comes Tajikistan – 12.1% , Armenia – 11.1%, Russia – 9.5%, Azerbaijan – 9.1% and Kazakhstan – 8.5%. In Ukraine and Moldova the prices in the consumer market got higher in the same period making 7.7% and 6.1%. respectively. No data on Turkmenistan and Uzbekistan. –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.

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.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img