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

The “New Partner” loan is gaining popularity among VTB (Armenia) clients

VTB (Armenia) is seeing steady growth in demand for its small business loan product with a simplified application process—no collateral required, no additional financial analysis required.

In February, Armenia’s net inflow of non-commercial money transfers grew moderately after a jump in January – WB

In February, net non-commercial money transfers to Armenia grew by 5.2 percent (yoy), following a 44 percent (yoy) surge in January, according to World Bank's Armenia Monthly Economic Update – April 2026 .

Armenian banks’ net profit in Q1 2026 increased by 2.3% to AMD 103.5 billion

The total net profit (after tax) of Armenian banks in Q1 2026 amounted to AMD 103.48 billion, compared to AMD 101.18 billion in Q1 2025, an increase of 2.27%. Moreover, compared to the previous quarter, Q4 2025, the increase was 5.84%.

Euro slashes against  Armenian dram

As of April 23, 2026, the average exchange rate for the US dollar to the Armenian dram, established in the Armenian foreign exchange market, has fallen by 0.55 points from April 22, now standing at 371.83 drams.

VTB (Armenia) Expands Payment Options for Russian Tourists

Ahead of the tourist season, VTB (Armenia) is strengthening its acquiring infrastructure, expanding its network and introducing digital payment solutions.

LATEST NEWS

spot_imgspot_imgspot_img