Thu, 4 September
19.1 C
Yerevan
USD: 384.03 RUB: 4.80 EUR: 443.29 GEL: 142.29 GBP: 510.11

Armenia’s 1.7% inflation in January was the highest since April 2023 – WB

YEREVAN, February 24. /ARKA/. Inflation in Armenia rose to 1.7 percent (yoy) in January 2025, the highest yoy rate since April 2023, acording to the World Bank’s “Armenia Monthly Economic Update – February 2024”.

This was mainly driven by a 2.5 percent (yoy) rise in food and non-alcoholic beverage prices, up from 2 percent in December. Both transport and healthcare prices rose 3.2 percent (yoy), contributing to the rise in inflation. On February 4, 2025, the CBA Board lowered the policy rate by 25 basis points, to 6.75 percent. A new 3 percent (+/–1 pp) inflation target was adopted in January.

The WB expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. -0-.

spot_img

POPULAR

Cryptocurrency in Armenia: Stringent Regulations and Elevated Expectations

The future of cryptocurrencies in Armenia was a topic of discussion among participants at the Armenian Cryptocurrency Assets Forum, which recently took place in Yerevan.

Measures to encourage cashless transactions discussed in Armenia

The Armenian government, chaired by Prime Minister Nikol Pashinyan, convened a meeting yesterday to deliberate on initiatives aimed at promoting cashless transactions, the government press service reported.

Armenia’s total public debt exceeds $13.8 billion

As of June 30, 2025, Armenia's total public debt amounted to $13,852,137 million, which is an increase of $116,520 million compared to May 31, 2025.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

Euro Jumps by 4.39 Points to AMD 447

The average market exchange rate of the US dollar to the Armenian dram as of August 28, 2025, increased by 0.72 points compared to August 27 and amounted to AMD 382.97.

LATEST NEWS

spot_imgspot_imgspot_img