Armenia reports 3.6% inflation in November year over year

YEREVAN, November 30. /ARKA/. The inflation rate in November 2012 was 3.6% year over year mainly due to non-food prices hike at 5.8%, alcohol beverage and tobacco goods- 4.6%, and food- 3.8%, according to the National Statistical Service of Armenia.

Consumer prices index in January-November 2012 from the analogical period a year earlier stood at 102.5%, including those for food- 101.9%, alcohol beverages and tobacco goods- 105.1%, non-food prices- 104.5%, service tariffs-102.1%.

At the same time, consumer prices rose 1.4% in November from October. Prices for food (including alcohol drinks and tobacco goods) have also climbed 2.4%, non-food goods prices and service tariffs rose by 0.5% and 0.1% respectively.

According to the National Statistical Service of Armenia, Armenia’s economic activity rose 4.9% in October 2012 from the same period a year earlier.

In the state budget, the GDP growth is projected at 4.2% in 2012, and the inflation rate-4% (±1,5%). ($1 – 405.19 drams).—0-

spot_img

POPULAR

VTB (Armenia) has simplified car loan process in primary market

VTB (Armenia) has launched a simplified car loan program for the purchase of new cars at more than 50 car dealerships in the market.

Martin Galstyan discussed Armenia’s implementation of the Fund’s structural benchmarks with the IMF mission

Central Bank of Armenia Governor Martin Galstyan held a final meeting with Alexander Timan, head of the IMF mission to Armenia, the regulator's press service reported.

FINTECH360 International Conference to Bring Together 500 Participants in Yerevan

The FINTECH360 International Conference will bring together over 500 participants in Yerevan from April 27 to 29, welcoming senior industry executives from banks, money transfer companies, payment platforms, IT firms, and startups representing more than 30 countries.

How Idram and IDBank promote equal opportunities for women and men

Women’s Month is another opportunity to speak about the role of women in society and business, attitudes toward them, leadership, and equal opportunities for every member of society.

Acba Group invested $45 million in the creation of an AI factory

To spur the development of artificial intelligence infrastructure in Armenia, Acba Bank and Amundi-Acba Asset Management have invested a total of $45 million in Firebird to establish an AI factory and data center.

LATEST NEWS

spot_imgspot_imgspot_img