YEREVAN, February 27. /ARKA/. Armenia’s central bank projects the 12-month inflation to rise up to 4.5% by the end of June 2013, says the regulator’s report on inflation.
Projected inflation for the first quarter is 3.5% – almost unchanged as compared with the previous projection.
Inflation is mainly a reflection of rising food prices, particularly increase in prices for fruits and vegetables the prices for which were reduced due to strong supply in agricultural sector.
According to the report, inflation will most probably be rigged at 2.5-5.5% in 2013 (98% probability in Q1, 73.9% in Q2, 73% in Q3 and 63.9% in Q4).
Under the budget, inflation is expected to stand at 4% (±1.5%). –0–
