Sat, 18 October
10.1 C
Yerevan
USD: 382.59 RUB: 4.71 EUR: 447.25 GEL: 141.36 GBP: 513.89

Inflation of 1.3 per cent registered in Armenia in August 2024

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-

spot_img

POPULAR

Euro continues to decline against Armenian dram, while US dollar and ruble rise

The average market exchange rate for the US dollar to the Armenian dram on October 10, 2025, rose by 0.13 points compared to October 9, reaching 382.68 drams.

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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.

Armenia is experiencing an investment boom: opportunities, barriers and main misconceptions

Armenia's investment market is experiencing a period of active development: the number of issues is growing, digital technologies simplify access to financial instruments.

LATEST NEWS

spot_imgspot_imgspot_img