Armenian’s 12-month inflation in August 2021 was 8.8%

Economy

YEREVAN, September 6. /ARKA/. Armenia’s consumer price index in late August 2021 was 8.8% higher from the same month in 2020, according to the National Statistical Committee (NSC). It said also that the inflation in August 2021 was up 0.4% from the previous month.
The consumer price index of the first eight months was higher 6.4% from the same time span in 2020, according to the NSC.
Armenian government’s projection of GDP growth for 2021 is 3.2%, while inflation is set at 4% (± 1.5%). According to preliminary statistics, in the second quarter of 2021 Armenian economy expanded by 13.1% compared to the same period in 2020.
In early July, Prime Minister Nikol Pashinyan stated that the forecast for economic growth for 2021 has been revised upward to 6%. -0-

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