INFLATION IS DETERMINED BY THE STATE OF AGRICULTURE

Lragir.am
5 May 06

The president of the Central Bank of Armenia told the reporter of
Lragir.am May 5 that sustaining a 3 percent inflation projected for
2006 is quite realistic. “Our estimations show that it is realistic
to sustain a 3 percent inflation determined by monetary factors by
the end of this year. Especially that the growth of the price of
gas was softer than it had been expected,” said Tigran Sargsyan. He
mentioned that the rate of inflation will greatly depend on the state
of agriculture, the rate of growth in this sector.

“For the fluctuations of the price of agricultural products has an
essential effect on the level of prices, and it will determine the
rate of inflation this year,” said Tigran Sargsyan.