YEREVAN, November 21. /ARKA/. Net non-commercial money transfers to Armenia fell 1 percent (yoy) and 1.1 percent (mom) in September, according to World Bank’s Armenia Monthly Economic Update – Novemeber 2024.
This came after an 18.6 percent (yoy) contraction and a 10.7 percent (mom) expansion in August.
Inflows from Russia declined by 19 percent (yoy) in September. Net inflows from the United States increased 7.7 percent (yoy).
It also says that inflation held steady inOctober, at 0.6 percent (yoy). Prices fell for food and non-alcoholic beverages (0.5 percent, yoy) and for clothes and shoes (3.4 percent, yoy), while transport prices increased 6.8 percent (yoy).
The housing rental price index grew 2.7 percent (yoy) in September, but did not contribute to headline inflation. Cadastral data showed that the price of apartments in the center of Yerevan grew 5.6 percent (yoy) in September, and the number of transacted apartments increased 60.3 percent (yoy). The new limitation on mortgage interest rate refunds, which enters into force in January 2025, may have contributed to this high growth. Average inflation for JanuaryOctober 2024 remained flat at 0 percent-0-
