Inflation to be recorded at 5.5- 8.5% in Armenia in July-Dec 2011

Economy

YEREVAN, September 13. /ARKA/. Armenian commercial banks and credit organizations have predicted with 66.7% and 54.8% probability that inflation in Armenia will be recorded at 5.5-8.5% in the second half of this year.

According to the 2nd Q 2011 monetary policy performance report sent to ARKA News Agency, despite the softening inflation environment in Armenia’s financial system, commercial banks and credit organizations remain adamant in thinking that the 12-month inflation will be high.

Instead, households’ inflation outlooks significantly lowered in the second half of this year.

In the first half, 69.4% of surveyed households projected high inflation rate, while in the second half only 43.3% of respondents.

Uncertainty over inflation outlooks has run high. -0-

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