YEREVAN, December 10. \/ARKA\/. The Chairman of the Central Bank of Armenia, Martin Galstyan, assessed the possible impact of the increase in public transport ticket prices in Yerevan on inflation.<\/p>\n\n\n\n
“According to our calculations, the maximum impact we may see next year due to the increase in transport prices will be up to 0.5%. This is the highest estimate,” Galstyan said, responding to a question from the ARKA news agency during a press conference.<\/p>\n\n\n\n
He explained that this is a weighted average estimate with various scenarios, as it includes both the increase in the cost of single transport tickets and the introduction of a subscription system.<\/p>\n\n\n\n
On Inflation<\/p>\n\n\n\n
In November, Armenia’s 12-month inflation stood at 1.4%. According to the Central Bank’s report, inflation in Armenia is expected to range between 2.1% and 2% by the end of 2024. The forecast for 2025 is 4%-3.2%, for 2026 it is 4.2%-3.8%, and for 2027 it is 4%.<\/p>\n\n\n\n
In the state budget of Armenia for 2025, approved on December 4, 2024, the 12-month inflation target is set at 3% (\u00b11 p.p.).<\/p>\n\n\n\n
The Central Bank decided to lower the target level, which had been in place since 2006 at 4% (\u00b11.5 p.p.), believing that the Armenian economy is now ready for a new stage of development.<\/p>\n\n\n\n
About the unified ticket system<\/p>\n\n\n\n
Currently, a trip on the bus or metro in Yerevan costs 100 drams, while a trip on the trolleybus costs 50 drams.<\/p>\n\n\n\n
The following prices\u00a0will be introduced starting January 1, 2025:\u00a0<\/p>\n\n\n\n
– Single use per vehicle<\/p>\n\n\n\n
90-minute ticket – 280-300 AMD for 3 trips<\/p>\n\n\n\n
880 to 900 AMD for 1 day – 8 trips<\/p>\n\n\n\n
4800-5000 AMD for 7 days – 30 trips<\/p>\n\n\n\n
– Unlimited trips<\/p>\n\n\n\n
8800-9000 AMD for 30 days<\/p>\n\n\n\n
23,600-24,000 AMD for 90 days<\/p>\n\n\n\n
88,000-90,000 AMD for 365 days<\/p>\n\n\n\n
– Multiple-use ticket – 2100-2200 AMD for 10 trips per month.<\/p>\n\n\n\n
When purchasing any package, citizens will be able to use all types of public transport.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Chairman of the Central Bank of Armenia, Martin Galstyan, assessed the impact of the increase in public transport ticket prices in Yerevan on inflation.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[],"class_list":{"0":"post-158827","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-banks-en-en","7":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/158827","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=158827"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/158827\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=158827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=158827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=158827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}