YEREVAN, April 3. /ARKA/.  Consumer prices in Armenia in March 2024 were down 1.2% compared to March last year, the  National Statistical Committee (NSC) reported.

At the same time, according to the NSC, compared to February 2024 consumer  prices in March were down 0.2%.

Prices decreased by 1.2% in January-March 2024 compared to the same period in 2023.

The government’s inflation projection for 2024 is 4% (±1.5%). Central Bank Governor Martin Galstyan said in March that inflation will be far from the target in the first quarter.

The IMF expects inflation in Armenia to return to and stabilize around the central bank's 4% target by mid-2024. -0-