CBA Approved The Report On Inflation In The Third Quarter Of 2011 In Armenia

Economy
YEREVAN, November 22. /ARKA/. Board of Central Bank of Armenia approved the report on inflation in the third quarter of 2011 in Armenia, PR department of CBA informed ARKA News Agency. Such a decision was adopted on Tuesday in CBA Board Meeting headed by the head of CBA Artur Javadyan.
Inflation in September in Armenia compared to the same period of 2010 was recorded in the amount of 6.2% which is mainly conditioned by the price increase for food products (including alcohol drinks and tobacco products) by 9.4% and non-food products – 3.5%.
The meeting also approved financial reporting of CBA as of September 30, 2011, the schedule of mandatory reserve for commercial banks of Armenia and the regulation of percent rates for the instruments of monetary-credit policy.–0—
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