Year-on-year inflation in Armenia recorded at 8.9% in April 2011

ARKA, 20.05.2011

Year-on-year inflation in Armenia was recorded at 8.9% in April 2011, the National Statistical Service of Armenia reports.

Consumer prices went 0.2% down in April, compared with March.

According to the statistical report, economic activity rose 7.7% in April 2011, compared with the same month a year earlier, and 4% compared with the previous month.

In the 2011 government budget, inflation in Armenia is projected at 4% (±1.5%) and GDP growth at 4.6%. -0-