YEREVAN, January 17. /ARKA/. Armenia and Russia boasted the lowest inflation rates (consumer price index) in 2017 across the Eurasian Economic Union (EEU) that includes also Belarus, Kazakhstan and Kyrgyzstan, the Eurasian Economic Commission, the executive body of the EEU said. According to it, the annual inflation in Armenia was 2.6%, in Russia it was 2.5%.

Consumer prices in Armenia in December 2017 grew by 2.6% year-on-year with food products (including alcoholic beverages and tobacco products) growing by 5.3%, non-food products by 1, 7%, while services dropped by 0.5%.

In general, inflation across EEU in 2017 did not exceed the ceiling set by the Treaty on the Eurasian Economic Union. The threshold inflation for the Russian-led bloc at the end of 2017 was 7.5%.

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