Mon, 30 June
16.1 C
Yerevan
USD: 384.32 RUB: 4.89 EUR: 450.23 GEL: 141.11 GBP: 527.56

1% inflation recorded in Armenia in 2017

YEREVAN, January 12. /ARKA/. A one-percent year-on-year inflation is recorded in Armenia in Jan-Dec 2017, the National Statistical Service reports.

Prices for foods, sprits and tobacco products rose 4%, while nonfoods and services shed 1.8% and 1.3% respectively.

A 1.4% deflation was recorded in the country in 2016.

According to the official statistical reports, consumer prices rose 1.5% in December, compared with November, mostly due to the 3.6% increase in prices for foods and soft drinks.

Consumer prices in December 2017, compared to Dec 2016 (12-month inflation), went 2.6% up, where foods, spirits and tobacco products rose 5.3% and nonfoods 1.7%, and services slid 0.5%.

In government budget for 2017, a 12-month inflation is projected at 4% (±1.5%) and GDP growth at 3.2%. –0—

spot_img

POPULAR

ADB lowers Armenia’s economic growth forecast for 2025 to 5%, 4.7% expected in 2026

The Asian Development Bank has lowered Armenia's economic growth forecast for 2025 to 5%, said Don Lambert, ADB Country Director for Armenia.

Armenia’s top 5 banks by asset size for Q3 2023

According to ARKA news agency's quarterly bulletin 'Banks of Armenia,' the top 5 commercial banks of Armenia by asset size as of 30.09.2023 were Ardshinbank, Ameriabank,  Armbusinessbank, Acba Bank and Inecobank

US dollar exchange rate unchanged, euro and ruble rise

The average market exchange rate of the U.S. dollar to the Armenian dram on March 7, 2025, remained at 394.58 drams, unchanged compared to March 6.

ADB forecasts inflation in Armenia at 3% in 2025 and 2.8% in 2026

The Asian Development Bank (ADB) forecasts inflation in Armenia at 3% in 2025, said Don Lambert, Director of the Bank’s Resident Mission in Armenia.

Byblos Bank Armenia becomes CaseKey strategic partner

Byblos Bank Armenia has become the strategic partner of the CaseKey Business Case Competition, emphasizing the importance of continuous investment in promising educational programs.

LATEST NEWS

spot_imgspot_imgspot_img