YEREVAN, December 14. /ARKA/. Armenia’s 12-month inflation at the end of 2021 will be 8.4-8.5%. Chairman of Central Bank of Armenia Martin Galstyan said at a press conference today.

"Given the substantial increase in inflationary influences from the external sector, as well as the growing  inflation expectations, the Central Bank  has decided today to raise the refinancing rate by 0.5% to 7.75%,’ Galstayn said

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To stem inflationary pressure, with consumer price index inflation peaking at 8.8% in August, the Central Bank of Armenia has hiked interest rates several times since December 2020, by a total of 300 basis points, Standard & Poor’s said in a report. This, and the recent dram appreciation, should help bring inflation more toward the 4% target over the coming 12-36 months

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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)

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In an attempt to curb the growing inflation Armenian Central Bank has raised today the refinancing rate by 0.25 percentage points, setting it at 7.25%. The inflation still remains well above the 4 percent target set by the government and the Central Bank for 2021

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Armenia’s consumer price index in late August 2021 was 8.8% higher from the same month in 2020, according to the National Statistical Committee (NSC). It said also that the inflation in August 2021 was up 0.4% from the previous month

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Armenia’s consumer price index in July 2021 was 8.2% up, when compared to July 2020, and 0.5% down compared to June 2021, the National Statistical Committee (NSC) said today

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The rapid recovery of the global economy, fuelled by credit and budgetary injections in developed countries, is driving asset prices up massively,” said Even Vinokurov, chief economist at the Eurasian Development Bank (EDB).

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Armenia’s 12-month inflation in late June 2021 was up 6.5% when compared to June 2020, the National Statistical Committee (NSC) said today

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Armenia’s Central Bank expects the inflation to have a considerable impact on the economy, however, it will not exceed the projected band, chairman of the Central Bank Martin Galstyan said on Tuesday

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Armenia’s consumer prices were 5.9% up in May 2021 compared to May 2020, and 0.4% down compared to April 2021, according to the numbers, released today by the National Statistical Committee (NSC)

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