{"id":159148,"date":"2024-12-23T06:56:15","date_gmt":"2024-12-23T06:56:15","guid":{"rendered":"https:\/\/armbanks.am\/2024\/12\/23\/255742\/"},"modified":"2025-01-02T12:17:58","modified_gmt":"2025-01-02T12:17:58","slug":"world-bank-identifies-drivers-of-inflation-growth-in-armenia-in-november","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/12\/23\/159148\/","title":{"rendered":"World bank identifies drivers of inflation growth in Armenia in November"},"content":{"rendered":"\n<p><strong>YEREVAN, December 23. \/ARKA\/. <\/strong>Inflation increased to 1.4 percent (yoy) in November, up from 0.6 percent (yoy) in October. The increase was mainly due to 3.1 percent higher prices for food and non-alcoholic beverages (mom), according to the World Bank&#8217;s &#8220;Armenia Monthly Economic Update \u2013 December 2024.<\/p>\n\n\n\n<p>\u201cWhile apartment rental prices showed almost no increase in the CPI, cadastral data revealed a 2.4 percent (yoy) increase in apartment transaction prices in central Yerevan; and a 58.6 percent (yoy) rise in the number of transactions, a surge in activity attributed to the ending of the mortgage interest rate refund program for Yerevan, effective from January 2025,\u201d the report said.<\/p>\n\n\n\n<p>The Armenian government&#8217;s 2024 state budget projects inflation at 4% (\u00b11.5%), and 3% (+1%) for 2025. In November, the 12-month inflation rate was 1.4%. According to the Central Bank&#8217;s monetary policy report for the fourth quarter of this year, inflation in Armenia is expected to range from 2.1% to 1.6% by the end of 2024. The forecast for 2025 is 3.9% to 3.2%, for 2026 it is 4.2% to 3.8%, and for 2027, it is 4%.<\/p>\n\n\n\n<p>The World Bank expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF forecasts a 3.1% increase in prices in Armenia in 2024, followed by 3.7% in 2025. According to the ADB, inflation in Armenia is expected to be 0.8% in 2024, accelerating to 2.5% in 2025. The EDB anticipates inflation in Armenia to reach 1.8% by the end of this year and 3.1% by the end of 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Inflation increased to 1.4 percent (yoy) in November, up from 0.6 percent (yoy) in October. The increase was mainly due to 3.1 percent higher prices for food and non-alcoholic beverages (mom), according to the World Bank&#8217;s &#8220;Armenia Monthly Economic Update \u2013 December 2024.<\/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-159148","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\/159148","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=159148"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/159148\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=159148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=159148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=159148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}