Armenia comes the 7th in inflation rate among CIS members

YEREVAN, July 31. /ARKA/. The CIS Statistics Committee reported one of the lowest inflations in Armenia at 0.8% in May of this year from December of 2001 among the other Commonwealth countries.

According to the data, consumer prices in Armenia shrank by 1.3% in May from April of this year.
All CIS members reported an inflation at an average of 2% in May from December of 2011 except for Azerbaijan where consumer prices fell by 0.8% within this period.

The highest inflation was seen in Belarus- 8.5%, Kazakhstan-2.4%, Russia- 2.3%. Tajikistan- 2.3%. Kyrgyzstan-1.3%, Moldova-1.2% and Ukraine- 0.4%.

There is no data on Turkmenistan and Uzbekistan provided.—0-

spot_img

POPULAR

Euro, dollar, and ruble exchange rates against the Armenian dram fell: Central Bank of Armenia

The average market exchange rate for the US dollar against the Armenian dram, formed on the Armenian foreign exchange market as of June 3, 2026, fell by 0.01 points compared to June 2, to 368.52 drams.

Net inflow of remittances to Armenia from abroad increased approximately 2.7-fold in four months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $728.1 million in January-April 2026, compared to $273.4 million in January-April 2025, according to a report from the Central Bank.

Armenia’s insurance market is undervalued but has significant growth potential: Deputy Governor of the Central Bank

Armenia's economy maintains high growth rates and macroeconomic stability, creating a favorable environment for insurance development, said Deputy Governor of the Central Bank of Armenia Armen Nurbekyan.

Unibank has launched instant transfers by phone number

Phone number transfers are now available in Unibank’s UNIMobile application.

State Revenue Committee of Armenia discussed tax regulation of crypto assets with market participants

The State Revenue Committee of Armenia held a discussion with market participants on tax regulation of the cryptocurrency sector, the press service of the State Revenue Committee of Armenia reported.

LATEST NEWS

spot_imgspot_imgspot_img