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

Armbanks Weekly Digest: Key Events in the Armenian Financial Market (July 6–12)

The week in Armenia's financial market was marked by accelerating annual inflation and activity in the government and corporate securities markets.

Armenia to Receive $284.4 Million from IBRD to Provide Housing for IDPs from Artsakh and Develop the Mortgage Market

On Thursday, the Armenian government approved the ratification of a financial agreement and the approval of a grant agreement with the International Bank for Reconstruction and Development (IBRD, a World Bank entity) for $284.4 million.

Fitch: Armenia’s International Reserve Adequacy to Remain Below That of Similar-Rated Countries by 2028

Armenia's international foreign exchange reserves have reached a record high, but their sufficiency to cover the country's external needs in the medium term will remain below the average for countries with similar credit ratings, according to a report by the international rating agency Fitch Ratings.

MONEYVAL recommended Armenia strengthen its fight against money laundering and confiscation of criminal assets

The Council of Europe's Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) noted Armenia's progress in developing its system for combating financial crime, but recommended strengthening the effectiveness of money laundering investigations, asset confiscation, and oversight of certain economic sectors.

Idram is the general partner of the “Towards Conscious Parenting 2026” annual conference     

Idram and the "Parenting Community" NGO are collaborating for the second year in a row, aiming to support families and contribute to shaping a more conscious and financially literate generation.  

LATEST NEWS

spot_imgspot_imgspot_img