Sun, 26 October
10.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

Armenia’s 12-month inflation in July 2020 was 1.5 percent

YEREVAN, August 5. /ARKA/. The 12-month inflation in Armenia’s consumer market in  July 2020 amounted to 1.5%, the National Statistical Committee (NSC) said.

According to the NSC, in July compared to June, the prices were down by  2.1%. At the same time, the inflation in the first seven months of 2020 was up by 0.7%, compared to the same period in 2019.

Armenia’s government budget for 2020,  approved in 2019 December, called for economic growth of 4.9%. the inflation was projected at  4% (± 1.5%). However, on April 29, the parliament of Armenia approved a revision of budget indicators to offset the consequences of the COVID-19. The originally projected GDP growth of 4.9% was reduced to 2% Also, the original GDP volume of 7.095 trillion drams was reduced to 6.485 trillion drams and the earlier projected deficit budget of 160.7 billion drams was raised to 324 billion drams. —0-

spot_img

POPULAR

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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

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

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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