Armenia’s 2018 inflation was .8%, according to Pashinyan

10.01.2019 18:57
Armenia’s 2018 inflation was .8%, according to Pashinyan

YEREVAN, January 10. /ARKA/. Armenia’s acting Prime Minister Nikol Pashinyan wrote in a Facebook post today that last year’s inflation was 1.8% . He said at some point the rate of inflation was alarming, but the government was able to curb it. The government’s forecast for 2018 inflation is 4% (± 1.5%).
However, Pashinyn’s figure disagrees with the latest numbers released by the National Statistical Committee, which said the inflation last year was 2.5%.

It said prices for food products (including alcoholic beverages and tobacco products) increased by 2.5%, while prices for non-food products and services decreased by 4.5% and by 1.2%, respectively.

According to the National Statistics Committee, in 2018 December consumer prices increased by 1.5% year-on-year, driven by an increase in prices for food products and non-alcoholic beverages by 3.8%.

Consumer prices in December 2018 as opposed to December 2017 (12-month inflation) increased by 1.8%, prices for food products (including alcoholic beverages and tobacco products) - by 1.8%, prices for non-food products - by 3.2% , while services decreased by 0.8%. -0-


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