Central Bank: Inflation in Armenia keeps slowing down

Central Bank: inflation in Armenia keeps slowing down
ARKA, 17.06.2010

Inflation in Armenia keeps slowing down, the board of the Central Bank of Armenia reports.
The board placed it on record that under the monetary policy tightening that started at the beginning of this year, the 12-month inflation is slowing down faster than expected.
“Despite risks of inflation environment still remain, inflation will slow down thanks to outside factors,” the central bank’s board says.
According to National Statistical Service of Armenia, the country faced 7.6% inflation in Jan-May 2010, compared with the same period of the previous year.
One-percent inflation was recorded in Armenia in May, compared with April.
Consumer price index was 105.3% in May 2010, compared with December 2009.
In the 2010 state budget, the annual inflation is planned at 4% (±1.5%). -0--