{"id":251720,"date":"2024-09-24T12:37:03","date_gmt":"2024-09-24T12:37:03","guid":{"rendered":"https:\/\/armbanks.am\/2024\/09\/24\/251720\/"},"modified":"2024-09-24T12:37:03","modified_gmt":"2024-09-24T12:37:03","slug":"wb-inflation-in-armenia-in-august-showed-growth-for-third-month-in-a-row-after-a-period-of-decline-since-october-2023","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2024\/09\/24\/251720\/","title":{"rendered":"WB: Inflation in Armenia in August showed growth for third month in a row after a period of decline since October 2023"},"content":{"rendered":"\n<p><strong>YEREVAN, September 24 \/ARKA\/.<\/strong> In August, inflation showed growth for the third month in a row after a period of decline since October 2023, according to the \u2018\u2019World Bank&#8217;s Armenia Monthly Economic Update \u2013 September 2024\u2019\u2019.<\/p>\n\n\n\n<p>It is noted that inflation in August amounted to 1.3% (annually), resulting in average inflation for January-August 2024 amounting to minus 0.1%.<\/p>\n\n\n\n<p>&#8220;Transport prices increased by 9.1% in August (annually), driven by a 9% increase in excise taxes and higher prices for imported oil. Inflation for food and non-alcoholic beverages was 1% (annually) in August,&#8221; the study said.<\/p>\n\n\n\n<p>It is also noted that at the beginning of September, the Central Bank of Armenia reduced its key rate by another 25 bps to 7.5%.<\/p>\n\n\n\n<p>The 2024 state budget sets inflation at 4% (\u00b11.5%). According to the Central Bank&#8217;s monetary policy report for the third quarter of this year, inflation in Armenia is expected to be within 2.1-2% by the end of 2024, the forecast for 2025 is 4-3.2%, for 2026 &#8211; 4.2-3.8%, for 2027 &#8211; 4%. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In August, inflation showed growth for the third month in a row after a period of decline since October 2023, according to the \u2018\u2019World Bank&#8217;s Armenia Monthly Economic Update \u2013 September 2024\u2019\u2019.<\/p>\n","protected":false},"author":1,"featured_media":158763,"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-251720","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251720","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=251720"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/251720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/158763"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=251720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=251720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=251720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}