ArmInfo.In January-December 2018 the devaluation of the dram against the US dollar was 0.3%, only in December, a revaluation of 0.3% was recorded. According to the RA Statistical Committee, in December 2018 the average settlement rate was 484.7 AMD / $ 1, against 483.2 AMD / $ 1 in December 2017. A year earlier, in January-December 2017, the devaluation of the dram against the US dollar was 0.1%, only in December - a revaluation of 0.4%.
According to the source, inflation in December 2018 was fixed at 1.5%, in January-December 2018. - inflation of 1.8%, with y-o-y inflation of 2.5%. A year earlier, in December 2017, inflation was recorded at 1.5%, in January-December 2017 - inflation of 2.6%, with y-o-y inflation of 1%.
To note, in Armenian retail currency market, dram to dollar was formed by January 11, 2019 at the level of 486AMD / $ 1 on average, against 484AMD/ $ 1 on December 28, 2018 and 483.7 AMD / $ 1 on January 11, 2018.
To recall, 2017 was inflationary for the consumer market of Armenia - 2.6%, after two years of deflation - 1.1% in 2016 and 0.1% in 2015. This was mostly caused by an increase in prices of food products (including alcohol and cigarettes) by 5.3% and non-food products by 1.7%, while tariffs for services decreased by 0.5%. The average monthly increase in consumer prices in January-December 2017 amounted to 0.2%, against a decline of 0.1% a year earlier. Against this background, the devaluation of the dram against the dollar in 2017 amounted to only 0.1%, while in December alone it strengthened by 0.4% with inflation of 1.5%.