{"id":250426,"date":"2022-07-06T13:47:40","date_gmt":"2022-07-06T13:47:40","guid":{"rendered":"https:\/\/armbanks.am\/2022\/07\/06\/250426\/"},"modified":"2022-07-06T13:47:40","modified_gmt":"2022-07-06T13:47:40","slug":"armenias-12-month-inflation-in-june-2022-amounts-to-10-3","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2022\/07\/06\/250426\/","title":{"rendered":"Armenia\u2019s 12-month inflation in June 2022\u00a0amounts to\u00a010.3%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>YEREVAN, July 6. \/ARKA\/.<\/strong> Armenia\u2019s 12-month inflation in June 2022 amounted to 10.3%, the National Statistical Committee (NSC) said today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It said the upward pressure came primarily from prices of food and non-alcoholic beverage, which surged by 17.1%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In June 2022 alcohol and tobacco products prices were up 8.1% from the year before.&nbsp;&nbsp;Prices for clothing and footwear rose by 10.5%, while the cost of utilities grew by 6.7%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The prices of household goods, appliances, and daily care activities rose 7.1%. Health care prices were up 1.2% compared to June 2021, while transportation prices upped by 9.2%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also, communications prices grew by 0.5%, recreation and leisure prices grew by 14.7%, education prices upped by 1.5% and prices of restaurant and hotel industries were up 6.8%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to statistical data, the prices for non-food goods in June 2022 were up 7.5% compared to June last year and prices for services were up 5.3%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to NSC, Armenia&#8217;s economic activity expanded by 10.2% in the first five months of 2022 compared to the same period of 2021.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Armenian government\u2019s growth projection for 2022 is 7%, and the inflation is set at 4% (\u00b1 1.5%).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Armenia&#8217;s Central Bank revised earlier upwards the country&#8217;s GDP growth forecast for the current year from 1.6% to 4.9%<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the World Bank\u2019s latest&nbsp;Global Economic Prospects&nbsp;report, Armenia&#8217;s GDP in 2022 is expected to grow by 3.5%, down 1.3 p.p. from the previous forecast, made in January.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">World Bank analysts expect Armenia&#8217;s GDP to grow by 4.6% in 2023 (0.8 p.p. down from the January forecast) and by 4.9% in 2024. ($1 \u2013 409.64 drams).-0-&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Armenia\u2019s 12-month inflation in June 2022 amounted to 10.3%, the National Statistical Committee (NSC) said today<\/p>\n","protected":false},"author":1,"featured_media":190696,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":["post-250426","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy-en","category-news"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Armenia\u2019s 12-month inflation in June 2022 amounted to 10.3%, the National Statistical Committee (NSC) said today\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"admin\"\/>\n\t<meta name=\"google-site-verification\" content=\"l8sdBd3STQ6A37MF5AO_21FEwNPHg9tRpooOo3Wx_eQ\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/armbanks.am\/en\/2022\/07\/06\/250426\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Armenia\u2019s 12-month inflation in June 2022 amounts to 10.3% - 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