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-

spot_img

POPULAR

Economy

Central Bank of Armenia should be prepared to adjust interest rates if necessary – IMF

The ongoing economic uncertainty underscores Armenian authorities' need for continuing efforts to build resilience and improve prospects for future growth, the International Monetary Fund (IMF) said in a press release.
Exchange market

Head of the Central Bank of Armenia sees no reason to panic over the depreciation of the dram

In the current situation in Armenia, there is no reason to panic over the depreciation of the dram, says Martin Galstyan, head of the Central Bank of Armenia.
Exchange market

Euro and ruble exchange rates against the Armenian dram rose, while the dollar fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of June 5, 2026, fell by 0.05 points compared to June 4, to 368.54 drams.
Banks

Customer Appreciation Day in Gyumri: IDBank

This time, IDBank’s Customer Appreciation Day, filled with surprises and gratitude, was held at the Bank’s Gyumri branch. Bringing this now traditional event to the regions is part of the Bank’s commitment to staying closer to its customers.
Exchange market

Average exchange rate of the Armenian dram to the US dollar in May was 4.7% lower than a year ago

In May 2026, the average exchange rate of the Armenian dram to the US dollar was 368.5 drams, compared to 386.6 drams in May 2025, according to data from the Statistical Committee of Armenia.

LATEST NEWS

spot_imgspot_imgspot_img
Previous article
Unibank will celebrate its 20th anniversary organizing a festival of intellectual games
Unibank will celebrate its 20th anniversary organizing a festival of intellectual games
Next article
AMX-Armenia Securities Exchange to be modernized with EDB’s financial support
AMX-Armenia Securities Exchange to be modernized with EDB’s financial support