{"id":251090,"date":"2023-09-18T11:39:43","date_gmt":"2023-09-18T11:39:43","guid":{"rendered":"https:\/\/armbanks.am\/2023\/09\/18\/251090\/"},"modified":"2023-09-18T11:39:43","modified_gmt":"2023-09-18T11:39:43","slug":"almost-70-of-respondents-of-surveys-felt-price-growth-in-q3-but-41-expect-inflation","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2023\/09\/18\/251090\/","title":{"rendered":"Almost 70% of respondents of\u00a0surveys\u00a0felt price growth in Q3, but 41% expect inflation"},"content":{"rendered":"\n

YEREVAN, September 18. \/ARKA\/.<\/strong> Armenia\u2019s Central Bank has released the first ever statistics on households’ inflation perceptions and expectations, based on the findings of a series of surveys.<\/p>\n\n\n\n

Overall, some 69.3% of the respondents said they felt the price rise, while 41.4% said they were expecting price rise.<\/p>\n\n\n\n

According to the surveys, in the third quarter of 2023, some 30% of respondents believed that prices  increased rapidly (in the second quarter of this year 38% thought so, and a year earlier – in the third quarter of last year – 56.3%).<\/p>\n\n\n\n

Some 22.4% said that prices rose slowly (16.2% in the second quarter of this year, 11.6% in the third quarter of last year).<\/p>\n\n\n\n

Another 16.7% believed that prices rose very quickly (19.7% in the second quarter of this year, 25.9% in the third quarter of last year), 16, 4% believed prices decreased (15% in the second quarter of this year, 0.4% in the third quarter of last year), 12.8% believed that  prices did not change (9.8% in the second quarter of this year, 2.8% in the third quarter of last year), and 1.4% found it difficult to answer (1.2% in the second quarter of this year, 3% in the third quarter of last year).<\/p>\n\n\n\n

In addition, in the third quarter of 2023, 16.4% of respondents believe that prices will rise slowly (12.5% thought so in the second quarter of this year and 11.9% a year earlier in the third quarter of last year).<\/p>\n\n\n\n

Also, some 14.7% said that prices will rise quickly (18.7% in the second quarter of this year, 23.1% in the third quarter of last year).<\/p>\n\n\n\n

Another 10.3% said  that prices will not change (8.8% – in the second quarter of this year, 15.1% – in the third quarter of last year), 9.4% said that prices will fall (9.5% in the second quarter of this year, 3.5% in the third quarter of last year), and 7.5% believe that prices will rise very quickly (8.8% in the second quarter of this year, 6% in the third quarter of last year).<\/p>\n\n\n\n

Of all respondents, 41.8% found it difficult to answer this question (the same number – in the second quarter of this year, 40.4% – in the third quarter of last year).<\/p>\n\n\n\n

Prices in Armenia decreased by 0.1% y\/y in July after decreasing by 0.5% a month earlier. Inflation in August continued to slow down, falling to minus 0.2% yoy, while the core inflation slowed to 0.4% yoy.<\/p>\n\n\n\n

The Central Bank of Armenia at its September 12 meeting lowered also the Lombard repo rate to 11.25%. The rate of interest with which loans are provided to commercial banks was cut to 8.25%.<\/p>\n\n\n\n

The government\u2019s inflation projection for 2023 is 4% (\u00b11.5%). In September, the Central Bank predicted that the yearend inflation will be at around 0% this year and will approach the 4% target next year. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

Armenia\u2019s Central Bank has released the first ever statistics on households’ inflation perceptions and expectations, based on the findings of a series of surveys<\/p>\n","protected":false},"author":1,"featured_media":161776,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[12139,9216],"tags":[],"class_list":{"0":"post-251090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251090","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=251090"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251090\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/161776"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}