YEREVAN, September 3. /ARKA/. Armenia’s consumer prices in August 2020 were up by 1.8% from the same month of 2019, according to the National Statistical Committee (NSC).
The NSC said in August prices were down by 0.1% from July. In January-August 2020, prices were up by 0.8% compared to the same period in 2019, it said.
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. The inflation is projected to be 4% (±1, 5%). -0-
