Sat, 29 November
10.1 C
Yerevan
USD: 381.43 RUB: 4.86 EUR: 440.89 GEL: 141.17 GBP: 503.72

CB: Armenia’s inflation in 2022 may reach 9-9.5

YEREVAN, December 14. /ARKA/. Armenia’s inflation in 2022 may reach 9-9.5%, chairman of the Central Bank Martin Galstyan said today.

“According to our forecasts, there will be some acceleration of inflation in December, but somewhat less than we previously predicted,” he said at a press conference.

According to the National Statistical Committee, the 12-month consumer inflation in November 2022 compared to November 2021 was 8.8 percent.

Armenia’s economic growth in the 2022 state budget is projected at 7%, while inflation is projected at 4% (±1.5%).

In September, the Central Bank predicted that the 2022 inflation will be around 10%. -0-

spot_img

POPULAR

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.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

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