Consumer prices in Armenia 2.7% up in January 2018

YEREVAN, February 6. /ARKA/. Consumer prices in Armenia rose 2.7% in January 2018, compared with January 2017, the National Statistical Service reported on Tuesday.

Prices for foods, spirits and tobacco products went 4% up and nonfoods and services 3.5% and 0.6% respectively.

In January 2018, compared with the previous month, consumer prices rose 2.7%. The price rise was mostly due to a 5.7% increase in prices for foods and soft drinks.

In the government budget for 2018, inflation is projected at 4% (±1.5%). -0—

spot_img

POPULAR

Central Bank of Armenia may switch to hawkish rhetoric and raise rate – Freedom Broker Armenia (EXCLUSIVE)

The likelihood of the Central Bank of Armenia switching to tougher monetary rhetoric and potentially raising the rate in the short term may increase, Rafael Mkrtchyan, Head of Corporate Finance at Freedom Broker Armenia, told ARKA news agency.

Central Bank of Armenia and banks are ready to tighten mechanisms to combat telephone fraud – Galstyan

The Central Bank of Armenia, together with banks, is ready to introduce stricter mechanisms to prevent telephone fraud, stated regulator head Martin Galstyan, responding to a question from the ARKA news agency.

Central Bank of Armenia responded to criticism regarding the Law “On Cryptoassets” and announced meetings with crypto market participants

Martin Galstyan, Governor of the Central Bank of Armenia, commented on the criticism voiced by crypto market participants regarding the Law "On Cryptoassets."

Head of the Central Bank of Armenia explained the cause of February’s inflation

Inflation has components driven by supply and demand factors.

Cryptoasset regulation in Armenia is quite conservative, and the market lacks a unified goal – Eleveight AI co-founder

Cryptoasset regulation in Armenia can be characterized as quite conservative, and some market participants believe this could hinder the industry's development, noted Arman Aleksanyan, co-founder and CEO of Eleveight AI.

LATEST NEWS

spot_imgspot_imgspot_img