3% year-on-year inflation recorded in Armenia in 1st Q 2013

03.04.2013 17:03
3% year-on-year inflation recorded in Armenia in 1st Q 2013

YEREVAN, April 3. /ARKA/. Armenia has recorded a three-percent year-on-year inflation in the first quarter of this year, Gagik Minasyan, head of the National Assembly’s finance committee, said on Wednesday.

“This inflation rate doesn’t exceed the indicator projected in the 2013 government budget,” he said.
He also said that year-on-year inflation in March 2013 stood at 3.4%.
Minasyan said economic activity grew 8% in Jan-Feb 2013, compared with the same period a year earlier, and industry grew 16%.

He added that the agriculture showed 2.2% year-on-year growth in the first quarter of this year, while construction faced 8% decline.

In the 2013 government budget, inflation is projected at 4% (±1.5%) and GDP growth at 6.2%. ---0---


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