Tue, 29 July
24.1 C
Yerevan
USD: 383.94 RUB: 4.85 EUR: 450.25 GEL: 141.78 GBP: 516.63

October inflation in Armenia stands at 3.4%

YEREVAN, November 20. /ARKA/. October inflation in Armenia stood at 3.4% year-over-year, according to the National Statistical Service of Armenia.

At the same time, consumer prices rose 1.2% in October from September, and by 2.4% in January-October from the same period a year earlier.

Economic activity in Armenia climbed  4.9% in October 2012 from a year earlier, slashed 16.5% from September, and rose 7.2% in Jan-October 2012 from the same period a year earlier.

According to the state budget, the inflation rate in Armenia is projected at 4% (±1.5%), and GDP growth – 4.2%. —0-

spot_img

POPULAR

Fitch expects inflation in Armenia to remain within the target level until 2027

International rating agency Fitch expects inflation in Armenia to remain within the target level until 2027, although soft fiscal policy and the projected moderate weakening of the dram create certain risks.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Time of the Brave: head of investment banking at Dimension Investments on the prospects of Armenia’s capital market development (Exclusive)

Armenia's investment climate is undergoing significant changes, and the financial market is becoming more active. Armen Hovhannisyan, Director of investment banking at Dimension Investments, speaks  in an exclusive interview with ARKA news agency about the barriers to development, tools for accelerating growth, as well as the prospects of venture capital.

Fitch forecasts Armenia to tighten fiscal policy after 2027

Fitch Ratings analysts forecast a tightening of fiscal policy by the republic's authorities in a new report on Armenia.

Armenia’s economy to stabilize on 5.5% growth trajectory in 2025 – EDB forecast

According to EDB forecasts, Armenia's economy will stabilize on a 5.5% growth trajectory with domestic demand remaining the main driver of development.

LATEST NEWS

spot_imgspot_imgspot_img