YEREVAN, June 10. /ARKA/. About 86% of the banking respondents in a poll conducted by Armenia’s central bank in Q1 said the 12-month inflation will range between 2.5% and 5.5%.
Two banks expect the inflation will go below 2.5%.

The Central Bank of Armenia carries out public opinion polls among financial companies and households to find out inflation expectations in the country.

In the previous poll (Q4 2012) 95% of banking respondents foresaw a yearly inflation level of 2.5-5.5%.

At the same time, 2.5-5.5% yearly inflation was expected by over 53% of credit organizations as compared to 60% in the previous poll.

The share of credit organizations disposed to higher inflation levels – 5.5%-8.5% - has declined to 27% from 33% in the previous poll.

According to the poll results, households’ inflation expectations remained quite stable, 4.3%, and approached the targeted level.

Under the budget, 4% (±1.5%) inflation is expected in Armenia for 2013.–0--