Fri, 1 August
35.1 C
Yerevan
USD: 383.84 RUB: 4.70 EUR: 442.91 GEL: 141.90 GBP: 512.96

Armenian deflation keeps on in the first quarter

YEREVAN, April 6. /ARKA/. In the first quarter of 2017 Armenian consumer prices dropped by 0.3%, when compared to the same time span of 2016, according to numbers, released by the National Statistical Service (NSS).

According to official data, prices of food products (including alcoholic beverages and tobacco products) increased by 2.8%, while prices of non-food products decreased by 3.5%, and services fell by 2.5%.

In March 2017 consumer prices fell by 0.1% from the year earlier. More exactly, prices of food products (including alcoholic beverages and tobacco products) increased by 3.3%, while prices of non-food products and services decreased by 3.5% and by 2.6% respectively. According to statistics, Armenia closed 2016 with 1.4% deflation.

The inflation rate, projected by the government for 2017 is 4% (± 1.5%); the GDP growth is projected at 3.2%. -0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Arka news agency’s ranking of most profitable Armenian banks in 2019

In 2019, Armenia-based commercial banks earned a total of 78.8 billion drams in net profit, up from 56.4 billion drams they had earned in 2018, according to ARKA news agency's ranking of the most profitable commercial banks in the fourth quarter of 2019

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img