Sat, 23 August
26.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Yearend inflation in Armenia to drop to about 0% – Central Bank

YEREVAN, September 12. /ARKA/. Yearend inflation in Armenia will drop to 0%, Chairman of the Central Bank of Armenia Martin Galstyan said at a press conference today.

“During the next year we will approach our target of 4%,” he said.

Sccording to the National Statistical Committee (NSC). in August 2023, consumer prices in Armenia were down 0.2% compared to August 2022, and up 0.1% compared to July 2023,

The deflation was mainly due to a drop in prices for foods (minus 4.0% yoy in August after minus 3.9% yoy a month earlier), because of cheaper imported food products, as well as due lower prices for fruits and vegetables in the domestic market.

The government’s inflation projection for 2023 is 4% (±1.5%). In June  Central Bank said it expected 12-month inflation at the end of the year to be slightly below this target. -0-

spot_img

POPULAR

Armenia registered an inflation rate of 3.4% in July.

According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.

Ranking of Armenia’s most profitable banks in 2024

ARKA news agency has released a ranking of the most profitable commercial banks in Armenia in 2024.

Unibank Issued Preferred Shares with a Fixed Annual Dividend of 12%

Unibank announces a new issue of Class “G” convertible preferred shares, offering investors a fixed annual dividend of 12%. The total issue volume amounts to AMD 1.5 billion.

Unibank Becomes the Gold Sponsor of FC Alashkert

Unibank and FC Alashkert have signed a long-term partnership agreement. As part of this cooperation, Unibank has become the gold sponsor of the club, supporting it during the current season of the Armenian Championship.

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

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

LATEST NEWS

spot_imgspot_imgspot_img