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    May 2023
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  • Archive for May 4th, 2023

    VTB (Armenia) supports "What? Where? When?" quiz championship

    Thursday, May 4th, 2023

    The “What? Where? When?” quiz game tournament among bank and IT sector trams was held in Yerevan with the support of VTB (Armenia)

    Armenia's 12-month inflation in April 2023 was 3.2%

    Thursday, May 4th, 2023

    YEREVAN, May 4. /ARKA/. The 12-month consumer inflation in Armenia in April 2023 was 3.2%, according to the National Statistical Committee (NSC).

    It said compared to March 2023, prices in April 2023 were down 0.1%. In January-April 2023 prices were up 6.2% against the same period of 2022.

    Alcohol and tobacco products in April 2023 were up 7.9% from April 2022, while prices for clothing and footwear were up 6.6%. Utilities grew by 3%, while household goods and appliances rose in price by 9.6%.

    Prices of health services rose 4.7%, transportation prices did not change, while communications prices upped 0.2%.

    Also, recreation prices grew by 9.3%, education services upped by 4.7% and restaurants visits and hotel accommodation prices grew by 7.9%.

    At the same time, according to statistical data, prices of non-food products in April 2023 were up 2.7% compared to 2022 April. Services prices grew by 5.2%.

    Armenian government’s growth projection for 2023 is 7%, while inflation is set at 4% (±1.5%). According to the National Statistical Committee, Armenia’s economic activity saw a 12.2% growth in the first quarter of 2023 compared to January-March 2022.

    The Central Bank predicted in March 2023 5.8% growth for this year, saying also that the 12-month inflation would gradually slow down and stabilize around the 4% target starting from the second half of 2023. -0-