Armenia reports 3.2% inflation in 2012- CBA chairman

28.12.2012 18:51
Armenia reports 3.2% inflation in 2012- CBA chairman

YEREVAN, December 28. /ARKA./ Armenia’s inflation rate stood at 3.2% in 2012, the chairman of the Central Bank Artur Javadyan said Friday.

“With our joint efforts we managed to stabilize the inflation rate within the projected benchmark due to the targeted policy and reduced inflation expectations,” he said.

Armenia’s experience in inflation targeting strategy is recognized as one of the best over the past 10 years, he added.

He also noted the International Monetary Fund implies the developing countries should apply to Armenia’s experience in inflation management.

Armenia’s inflation climbed 3.2% in December from a year earlier amid hikes in prices for non-food goods at 5.7% and in service tariffs at 2.1%, according to the National Statistical Service.
Inflation in Armenia was projected at 4% in 2012 (±1,5%).—0-


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