ArmInfo. Deflation in the consumer market of Armenia in January- July 2017 was 1.4% followed by AMD revaluation of AMD to the dollar by 0.8%, while a year ago, consumer prices decreased by 3.3% while strengthening the dram against the dollar by 1.3%.
According to national Statistical Service of Armenia, in July 2017 compared to July 2016 inflation of 0.9% was accompanied by a devaluation of AMD to the dollar by 0.5%.
Only in July 2017 AMD was revalued versus dollar by 0.5% with deflation of the demand of 2.6%. In July 2017, the average settlement rate was 479.0 AMD / $ 1, against 476.5 AMD / $ 1 - in July 2016, 477.3 AMD / $ 1 - in July 2015.
By way of comparison, in July 2016, in comparison with July 2015, deflation in the consumer market of Armenia in 1.3% was accompanied by the revaluation of the dram to the dollar by 0.2%, but only in July 2016 the deflation of 2.3% was accompanied by the revaluation of AMD to the dollar by 0.2%.
To note, AMD currency rate was formed on the average by 478.5 AMD / $ 1 on August 14, 2017, versus 484 AMD / $ 1 as of December 31, 2016 and 476.5 AMD / $ 1 as of August 15, 2016 at the retail currency market of Armenia.
