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

Economy

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—

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