Tuesday, June 14 2011 18:33

Central Bank of Armenia forecasts 5-6% inflation in 2011


ArmInfo. The Central Bank of Armenia forecasts 5-6% inflation in 2011.

President of the CB Artur Javadyan says that in June inflation was high - 9%, against deflation in Mar and 0% level in May. In the summer the prices will drop. The CB will do its best to keep inflation lower than 5.5%. "We are ready for any risks - like climatic changes or jumping world prices," Javadyan said.

According to the National Statistical Service of Armenia, in May 2011 as compared May 2010 there was 9% inflation, in Jan-May 2011 - 5%, in May 2011 alone - 0%.
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