YEREVAN, September 25. /ARKA/. The 2019 yearned inflation rate in Armenia will be lower than projected, the Central Bank said.
According to the regulator, the weak inflationary environment this year has resulted from a number of external and internal factors, making it pursue a restrained monetary policy.
The Central Bank believes that low inflation is currently helping curb the long-term inflation expectations and maintain income solvency. This is why the regulator prefers to pursue a policy that will gradually recover the inflation.
According to the Central Bank, the main reason for mid-term low inflation is the low aggregate demand and restrained fiscal policy of the government.
According to the National Statistical Committee, in August the prices fell by 0.4% when compared with July. At the same time, inflation in January-August 2019 compared to the same period in 2018 was 1.8%. The government’s projection of inflation for 2019 is 2.7%. -0-
