Monday, May 25 2020 12:55
Alexandr Avanesov

In pandemic conditions, Armenia is trying to maintain a balance  between economic and health crises

In pandemic conditions, Armenia is trying to maintain a balance  between economic and health crises

ArmInfo. As a result of the  policy led by the government, Armenia is one of the countries in the  world with the lowest inflation rate, as well as the most stable in  terms of currency volatility and currency shocks. Prime Minister  Nikol Pashinyan stated this live on his Facebook page. He noted that  the government has tried and will continue to try to maintain a  balanced approach in terms of priorities. <We faced a choice between  economics and healthcare. At the same time, we understood that we can  no longer be closed from an economic point of view. Therefore, we  took the path of balance - not putting economic or health priorities  in the background, maintaining balance>, Pashinyan emphasized.

It should be noted that according to the data of the Statistical  Committee of the Republic of Armenia, in January-April 2020,  inflation was recorded at 2.6%, against 2.5% inflation in the same  period of 2019. This was triggered by an increase in the prices of  food products (including alcohol and cigarettes) by 5.7% (versus 5.1%  a year earlier), non-food products - by 0.1% (versus 0.4% a year  earlier) and tariffs for services - by 0.3% (against 0.3% a year  earlier). In April 2020 versus April 2019, consumer prices increased  by 0.9% due to a rise in price of food products by 0.8%, non-food  products by 1.1%, and tariff increases for services by 1.1%. April  inflation in the consumer market was accompanied by a revaluation of  dram against the dollar by 0.1%. In January-April, inflation in the  consumer market was accompanied by a devaluation of dram against the  dollar by 2.2%. In April 2020 compared to April 2019, the AMD  depreciated against the dollar by 0.9%, amounting to 488.7 AMD/ $ 1  with inflation at 0.9% (against 484.3 AMD/ $ 1 with inflation at 2.2%  a year earlier). To recall, at 11:00 a.m. May 25, 452 new cases of  coronavirus infection were detected in Armenia, another 81 patients  recovered. In total, 7113 cases of coronavirus were confirmed in the  republic, 3145 people recovered, 87 died.

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