Armenia posts 1.5% deflation versus 4% inflation throughout CIS in 9 months

YEREVAN, November 9. /ARKA/. Armenia posted 1.5% deflation in January-September 2012 compared to the analogical period last year, versus an average 4% inflation registered throughout the CIS (Commonwealth of Independent States), according to the Interstate Statistical Committee of the CIS.

Within the mentioned period, the deflation was also reported in Azerbaijan and Ukraine at 2.7% and 0.3 % respectively.

At the same time, consumer prices rose 0.8% in Armenia in September from August (average 0.5% throughout the CIS). The other CIS members reported inflation in January-September 2012 compared to the same period a year earlier, according to the source.

Within the reported period, the highest inflation rates were posted in the following states: Belarus- 16.1%, Russia- 5.2% and Tajikistan- 5.6%, Kazakhstan-3.9%,  Kyrgyzstan- 3.1% and Moldova- 2.4%. There is no information available about Turkmenistan and Uzbekistan. —0-

spot_img

POPULAR

Central Bank to Strictly Monitor Disclosure of Bond Issues – Galstyan

Central Bank of Armenia Governor Martin Galstyan stated the need to closely monitor issuers' disclosures when issuing bonds.

A 10% or 15% cashback: Acba Leasing’s offer for businesses

In Armenia, green investments are gradually becoming not an alternative, but a strategic choice.

Central Bank of Armenia maintains the refinancing rate at 6.5%

At its meeting on March 17, the Board of the Central Bank of Armenia maintained the refinancing rate at 6.50% for the third consecutive time.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

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