Armenia's Inflation rate lowest among CIS countries

Armenia's Inflation rate lowest among CIS countries
ARKA, 08.08.2008

Armenia showed the lowest, 9-percent inflation rate among CIS countries in the first half of 2008 (compared with the same period of the previous year), CIS Statistical Committee report.

An average increase in consumer prices was 17%. The statistical report says that 0.5% deflation was recorded in Armenia in June, compared with May. According to the statistical report, all the countries of the Commonwealth faced inflation in the first half of 2008.

The highest increase in consumer prices was recorded in Tajikistan – 28.8% amid 1.4% inflation in June, as compared with May. Ukraine, with its 26.4% (0.8%) follows Tajikistan. Kyrgyzstan’s inflation rate was 25.6% (4.3% in June, compared with May), Azerbaijan 20.2% (0.1%), Kazakhstan 19.1% (1.2%), Moldova 15.5% (1.1% deflation in June, compared with May) and Belarus – 14.2% (0.6%). Russia’s inflation rate was 13.9% in the first half of 2008, compared with the same period a year earlier, and 1% in June, compared with the previous month.
Georgia’s inflation was 11.4% (0.1% in June compared with May).