YEREVAN, July 6. /ARKA/. Consumer prices in Armenia in late June 2023 were down 0.5% as opposed to June 2022, the National Statistical Committee (NSC) said in a report today.

According to the NSC, the consumer prices in late June were down 1.4% compared to the previous month of May.

In January-June 2023 prices increased by 4.2% compared to the same period of 2022.

Armenian government's growth projection for 2023 is 7%. The inflation forecast is 4% (±1.5%). Armenia's economic activity upped 12.5% year-on-year in the first five months of 2023.

The Central Bank's growth forecast for 2023 is 6.9% and expected inflation is slightly below the 4% target. -0-