1.2% year-on-year inflation in Armenia in November

YEREVAN, December 9. /ARKA/. Consumer prices in Armenia rose 1.2% in November 2015, compared with the same month a year earlier, the National Statistical Service of Armenia reports.

The index of prices for foods, alcoholic drinks and tobacco products was 98.7% in November 2015, compared with November 2014, and that of nonfoods was 104.5%. The index of prices for services was 101.9%.

In Jan-Nov 2015, compared with the same period a year before, consumer prices went 4.1% up – foods rose 3.6%, nonfoods 5.8% and services 2.9%.

According to the statistical report, inflation stood at 0.6% in November, compared with October. It was mainly due to a 1.7% price rise at food market.

In the government budget for 2015, inflation is projected at 4(±1.5%) and GDP growth at 4.1%. –0—

spot_img

POPULAR

Armenia’s fiscal policy in 2027 will restrain aggregate demand: Central Bank Governor

Armenia's fiscal policy in 2027, if economic growth remains slightly above the long-term sustainable level, will have a certain restraining effect on aggregate demand, stated Central Bank Governor Martin Galstyan, presenting the regulator's conclusion on next year's draft state budget to parliament.

State Revenue Committee of Armenia warned of a ban on export of cash rubles from Russia to Armenia and several other countries

The State Revenue Committee of Armenia reminded about the ban imposed by Russia on the export of cash rubles to Armenia and several other countries.

Central Bank of Armenia plans to develop an Open Banking concept in 2027: Galstyan assessed the prospects for cheaper financial services

The Central Bank of Armenia plans to develop an Open Banking and Open Finance concept in 2027, after which it will be formalized into law. This was announced by Central Bank Chairman Martin Galstyan.

Armenia’s public debt will stabilize at around 47% – Finance Minister

Armenia's public debt will stabilize at around 47% of GDP.

Central Bank of Armenia acquired $1.9 billion in market from beginning of year through September – Finance Minister

The Central Bank intervened in the market and acquired approximately $1.9 billion from the beginning of the year through September, Armenian Finance Minister Vahe Hovhannisyan stated in parliament while presenting the draft state budget for 2027.

LATEST NEWS

spot_imgspot_imgspot_img