ArmInfo. Inflation in the consumer market of Armenia in the first half of 2017 in 1.2% was accompanied by a revaluation of the dram to the dollar by 0.3%, while a year earlier, the demand decreased by 1% while strengthening the AMD to the USD by 1.1%. The National Statistical Service of Armenia told ArmInfo that in June 2017 compared to June 2016 inflation of 1.1% was accompanied by devaluation of the AMD to the USD by 0.8%.
In June there was a revaluation of the AMD to the USD by 0.4% with deflation of the demand of 0.9%. In June 2017, the average settlement rate was 481.5 AMD/USD1, against 477.5 AMD/USD1 - in June 2016, 475.1 AMD/USD1- in June 2015, 410.9 AMD/USD1 - in June 2014.
According to the National Statistical Service of Armenia, in 2016 the AMD's position against the USD did not change against the background of deflation of 1.1%. On an annual basis (January-December 2016 to the same period of 2015), a slight revaluation of the AMD to the USD was accompanied by deflation of 1.4%. Only in December 2016 the AMD devaluated to the USD by 0.9%, with inflation of 1.1%. In 2015, the devaluation of the AMD against the USD by 4.2% was accompanied by a 0.1% deflation, but only in December, the devaluated against the USD by 0.6% with inflation of 1.7%. In 2014, the devaluation of the AMD by 14.1% (only in December - by 10% with inflation of 3%) was accompanied by inflation of 4.6%.
To note, the AMD currency rate in the Armenian foreign exchange market was formed on July 19, 2017 at the level of 478.5 AMD/USD1 on average, against 484 AMD/USD1 on December 31, 2016 and 477 AMD/USD1 on July 19, 2016.