2.2% year-on-year inflation in Armenia in March from a year earlier

YEREVAN, March 30. /ARKA/. Armenia recorded 2.2% inflation in March 2012 from a year earlier, according to the National Statistical Service of Armenia.
This indicator is justified by 2.3 % rise in provision prices ( including alcohol drinks and tobacco goods) and 3.9% increase in non-food products prices.
Prices for services rose 1.3% in March 2012, compared with the same month a year before.
Consumer price index was 103.3% in January-March 2012 from the same period a year earlier. Index of provision goods prices (including alcohol drinks and tobacco goods) was amounted 103.8%, whereas non-food goods- 103.7 %, service tariffs- 102.3%.
At the same time, consumer price index gained 0.1% in March from February. Food prices (including alcohol drinks and tobacco goods) lost 0.1 %, non-food prices advanced 0.8 %, service tariffs prices- 0.2 %
According to the National Statistical Service, consumer prices in 8 researched cities of the country are said to go up by 0.1-0.8 %, and in the other three cities- to tumble by 0.7-0.2 %. Consumer prices in the capital rose by 0.1%.
In the 2012 government budget, inflation is projected at 4% (±1.5%). -0-

spot_img

POPULAR

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

Maximum insurance compensation limits in Armenia’s compulsory motor third-party liability insurance (CMTPLI) system will increase starting April 1

Amendments to the rules of the compulsory motor third-party liability insurance (CMTPLI) system will come into effect in Armenia on April 1, 2026, providing for an increase in maximum insurance payout limits, according to the Bureau of Motor Insurers of Armenia.

EDB and Armenian Ministry of Finance signed an agreement on provision of technical assistance

An agreement between the Armenian Ministry of Finance and the Eurasian Development Bank (EDB) on the "Provision of Technical Assistance" was signed in Yerevan during a meeting between Minister of Finance Vahe Hovhannisyan and Chairman of the EDB Board of Directors Nikolay Podguzov.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Armenia to Receive €120 Million Loan and €15 Million Grant from KfW Bank for Power Grid Connection with Georgia

At a meeting on Thursday, the Armenian government approved the signing of a €120 million loan agreement with the German bank KfW for the "Caucasus Transmission Network - NIF" project to connect the power systems of Armenia and Georgia. Additionally, a €15 million grant agreement with KfW was approved for the "EU Caucasus Transmission Network - NIF. Phase II" project.

LATEST NEWS

spot_imgspot_imgspot_img