YEREVAN, 4 September. /ARKA/. Consumer prices in Armenia in August 2024 were up 1.3% when compared to August last year, according to the National Statistical Committee (NSC).
At the same time, according to the NSC, 0.1 per cent inflation was registered in August 2024 compared to July of the same year.
Prices were down 0.1% in January-August 2024 compared to the same period in 2023.
In the state budget for 2024, inflation is set at 4 per cent (±1.5 per cent). According to the Central Bank’s monetary policy report for the second quarter of this year, by the end of 2024, inflation is expected to be within 0.9-1.3%, the forecast for 2025 is 3.8-3.2%.
The WB expects inflation in Armenia to be 3 per cent in 2024, 3.5 per cent in 2025 and 4 per cent in 2026. The IMF forecasts that prices in Armenia will rise by 3.1% in 2024 and by 3.7% in 2025. -0-
