Tuesday, March 7 2023 11:54

ArmInfo.The Eurasian Development Bank (EDB) forecasts 7.2% inflation in Armenia by the end of the 1st quarter of  this year. This February, 8.1% inflation was recorded in Armenia - no change as against this January. 

The experts explain it by an accelerating rise in food prices,  particularly in vegetable prices. The inflation was curbed by a  slower rise in prices for all other food and nonfood products. The  AMD appreciation and lower external price pressure on imported  products play their role as well. EDB forecasts 4.6% inflation in  Armenia by the end of 2023. 

The experts point out gradually decelerating economic activity early  this year. Specifically, this January saw 10.5% growth in economic  activity as against 12.8% last December. According to experts, the  reason is the dynamics recorded in the services and trade sectors  (29.5% and 17.7% respectively this January as against 27.9 % and 23.9  % respectively last December), which is evidence of gradual demand  stabilization in the country. 

Meanwhile, the construction sector recorded 12.2% growth as against  7.3% the previous month. Early this year, Armenia's exports showed a  2.3-fold growth as against the corresponding period last year.