{"id":249624,"date":"2020-12-15T18:08:33","date_gmt":"2020-12-15T18:08:33","guid":{"rendered":"https:\/\/armbanks.am\/2020\/12\/15\/249624\/"},"modified":"2020-12-15T18:08:33","modified_gmt":"2020-12-15T18:08:33","slug":"armenian-inflation-in-2020-will-not-exceed-projected-target","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2020\/12\/15\/249624\/","title":{"rendered":"Armenian inflation in 2020 will not exceed projected target"},"content":{"rendered":"\n<p><strong>YEREVAN, December 15, \/ARKA\/. <\/strong>Armenia&#8217;s Central Bank has decided today to raise the refinancing rate by 1.0 percentage point, setting it at 5.25%.<\/p>\n\n\n\n<p>Central Bank chairman Martin Galstyan said today the inflation in November 2020 was 1.3%, up from 1.1% inflation recorded in the same month last year.<\/p>\n\n\n\n<p>He said the 12-month inflation in November 2020 was 1.6%, still below the target 4%. According to Galstyan,&nbsp;&nbsp;in November 2020, the 12-month natural inflation continued to increase, reaching about 2%&nbsp;&nbsp;at the end of the month.<\/p>\n\n\n\n<p>He said the inflation remains at the projected low level&nbsp;&nbsp;within 1.6%. &#8216;We expect that by the end of the year it will reach the lower forecasted level (4% (\u00b1 1.5%)),\u201d Galstyan said.<\/p>\n\n\n\n<p>He said prices for some food products have been growing because of a rise in demand for food products in international markets and by the devaluation of the national currency, the dram.<\/p>\n\n\n\n<p>However, he&nbsp;&nbsp;assured that despite the changes, inflation for the year will not exceed the projected figure.<\/p>\n\n\n\n<p>The draft state budget for 2021 projects 3.2% growth and 4% (\u00b1 1.5%) inflation.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia&#8217;s Central Bank has decided today to raise the refinancing rate by 1.0 percentage point, setting it at 5.25%<\/p>\n","protected":false},"author":1,"featured_media":157161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[15837,12225,1109],"class_list":{"0":"post-249624","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news","9":"tag-armenia-2","10":"tag-inflation","11":"tag-1109"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249624","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=249624"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/249624\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157161"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=249624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=249624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=249624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}