{"id":25460,"date":"2011-07-21T08:39:16","date_gmt":"2011-07-21T08:39:16","guid":{"rendered":"https:\/\/armbanks.am\/2011\/07\/21\/233424\/"},"modified":"2024-12-15T12:52:15","modified_gmt":"2024-12-15T12:52:15","slug":"12-month-inflation-rate-in-july-drops-to-8-5-from-projected-9-5-central-bank-of-armenia","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2011\/07\/21\/25460\/","title":{"rendered":"12-month inflation rate in July drops to 8.5% from projected 9.5%: central bank of Armenia"},"content":{"rendered":"
YEREVAN, July 21, \/ARKA\/. In July the 12-month inflation rate was 8.5%, down from the projected 9.5%, the Central Bank of Armenia Board said today after a recurrent meeting. It said deflation in the second quarter of 2011 was 1.6%. The Central Bank blamed a 7.3% inflation rise in the 12 month term on increasing food prices.<\/div>\n
According to official data, the deflation in 2011 June was 1.4% if compared with May. In this conditions the 12 month inflation dropped by 0.5% from May 2011. The drop was due to a 25.6% decline in prices of vegetables and potato. The rise in prices of non-foods drove the inflation high by only 0.05 p.p. a month.<\/div>\n
The press service of the Central Bank also noted that the National Statistical Service has used a new method to calculate the GDP growth rate in the first quarter of 2011, which was 1.2% compared to the same period last year.<\/div>\n
The National Statistical Service also published economic activity indicators in May that was 9.9%. The economic activity in January-May, compared to the same period last year, was estimated within 5.1%, due to increased industrial output and rise in services by 10.3% and 6.2% respectively.<\/div>\n
The downturn in the construction sector is estimated within 3.5%, despite the fact that the volume of construction assembly works increased. The agriculture saw a 0.6% decline.<\/div>\n
Given these figures, the Central Bank Board said that GDP for the second quarter was within projected limits.<\/div>\n
According to the official figures, exports in January-May 2011 (in FOB prices) grew by 30.8% compared to the same period of 2010 and imports (in CIF prices) grew by 12.6%. -0-<\/div>\n

YEREVAN, July 21, \/ARKA\/. In July the 12-month inflation rate was 8.5%, down from the projected 9.5%, the Central Bank of Armenia Board said today after a recurrent meeting. It said deflation in the second quarter of 2011 was 1.6%. The Central Bank blamed a 7.3% inflation rise in the 12 month term on increasing food prices.<\/p>\n

According to official data, the deflation in 2011 June was 1.4% if compared with May. In this conditions the 12 month inflation dropped by 0.5% from May 2011. The drop was due to a 25.6% decline in prices of vegetables and potato. The rise in prices of non-foods drove the inflation high by only 0.05 p.p. a month.<\/p>\n

The press service of the Central Bank also noted that the National Statistical Service has used a new method to calculate the GDP growth rate in the first quarter of 2011, which was 1.2% compared to the same period last year.<\/p>\n

The National Statistical Service also published economic activity indicators in May that was 9.9%. The economic activity in January-May, compared to the same period last year, was estimated within 5.1%, due to increased industrial output and rise in services by 10.3% and 6.2% respectively.<\/p>\n

The downturn in the construction sector is estimated within 3.5%, despite the fact that the volume of construction assembly works increased. The agriculture saw a 0.6% decline.<\/p>\n

Given these figures, the Central Bank Board said that GDP for the second quarter was within projected limits.<\/p>\n

According to the official figures, exports in January-May 2011 (in FOB prices) grew by 30.8% compared to the same period of 2010 and imports (in CIF prices) grew by 12.6%. -0-<\/p>\n","protected":false},"excerpt":{"rendered":"

12-month inflation rate in July drops to 8.5% from projected 9.5%: central bank of Armenia.<\/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":[12139,9216],"tags":[15837,12225,12160,334],"class_list":{"0":"post-25460","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy-en","7":"category-news","8":"tag-armenia-2","9":"tag-inflation","10":"tag-rate","11":"tag-334"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/25460","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=25460"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/25460\/revisions"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=25460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=25460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=25460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}