YEREVAN, July 31. /ARKA/. The CIS Statistics Committee reported one of the lowest inflations in Armenia at 0.8% in May of this year from December of 2001 among the other Commonwealth countries.

According to the data, consumer prices in Armenia shrank by 1.3% in May from April of this year.
All CIS members reported an inflation at an average of 2% in May from December of 2011 except for Azerbaijan where consumer prices fell by 0.8% within this period.

The highest inflation was seen in Belarus- 8.5%, Kazakhstan-2.4%, Russia- 2.3%. Tajikistan- 2.3%. Kyrgyzstan-1.3%, Moldova-1.2% and Ukraine- 0.4%.

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Banks of Armenia and credit organizations of a number of other countries (Kyrgyzstan, Moldova, Tajikistan and Turkmenistan) failed to enter 2011 CIS 100 top banks rating compiled by RIA Rating agency.

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Armenia reported an inflation at 2.7% in March of 2012 from December 2011, and this benchmark is the second among CIS states, according to the CIS Statistical Committee

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Inflation level in Armenia in December 2010 was registered on the level of 0.9%.

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In 2011 September Armenian inflation grew by 0.6% from a year earlier, according to the CIS Statistical Committee.

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Eurasian development bank predicts 4.5% growth for CIS in 2011.

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Armenia recorded one of the highest inflations among CIS countries – 5% compared with December 2010.

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One of the highest inflations in CIS fixed in the 1st quarter of 2011 in the amount of 11.1% in Armenia.

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Total amount of noncash transactions in the Commonwealth of Independent States has grown a great deal for a few years.

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Armenia had one of highest inflation rate of 10.6% among CIS countries.

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