Armenian dram depreciates against US dollar 3.6% in Jan-May 2015 amid 1.4% inflation

The national dram depreciated against the US dollar 3.6% in Jan-May 2015, amid 1.4% inflation. 

The National Service of Statistics told ArmInfo, in May the dram depreciated 1.3% amid 0.5% inflation. In May 2015 versus May 2014 inflation totaled 5.1%  (a 16.2% depreciation of the dram against dollar). In Jan-May 2015 versus the same period of 2014 inflation totaled 5%.  In May the exchange rate averaged 480.2 AMD/1 USD versus 413.32 AMD/1 USD in May 2014. 

According to the source, on the consumer market of Armenia, in May 2014 deflation totaled 0.8%, amid 0.2% depreciation of the dram against dollar. In Jan-May inflation totaled 0.9%, amid 2% depreciation of the dram. In May 2014 versus May 2013 inflation totaled 3.6% amid 0.6% depreciation of the national dram.

According to the source, the AMD (Armenian dram) depreciated against USD 14.1% in 2014, and 10% in December alone amid 4.6% inflation in 2014 (3% in Dec).  In 2013, the dram depreciated against dollar 0.1%, in Dec alone - 0.1% amid 5.6% inflation (1.1% in Dec).  In 2012 the AMD depreciated against USD 5.9%, in Dec - 0.3% amid 3.2% inflation in 2012 (2.1% in Dec).