YEREVAN, October 5. /ARKA/. Consumer prices in Armenia in September 2021 were up 8.9% compared to September 2020, according to numbers, released today by the National Statistical Committee (NSC).

According to NSC, consumer prices in the first nine months of 2021 were up 6/7% as opposed to the same time span in 2020.

The original government’s growth projection for 2021 is 3.2%; inflation is set at 4% (± 1.5%). In mid-September, the Central Bank revised upward its growth forecast to 5.4%. According to the World Bank, Armenia's economy will grow by 3.1% in 2021 and by 4.5% in 2022. The IMF forecasts 1% GDP growth for 2021.

Fitch Ratings predicts that real GDP growth in Armenia will recover to 5.5% in 2021, then slowdown to 5.3% in 2022 and to 4.7% in 2023. --0--