NO THREAT OF HIGHER INFLATION IN ARMENIA, PRESIDENT STATES

ARKA News Agency
Nov 14 2007
Armenia

YEREVAN, November 14. /ARKA/. RA President does not see any threat
of escalation of inflation in Armenia.

Talking to journalists during his visit to the "Armprodexpo 2007"
exhibition, Kocharyan pointed out that this year inflation has been
much higher than the planned inflation, but measures were taken to
moderate and slow down this process.

The RA President pointed out the necessity for enhancing the
competitiveness of Armenian products.

3.9% inflation was recorded in Armenia in January-October 2007 compared
to the corresponding period last year. 4% (±1.5%) inflation is budgeted
in Armenia this year.

–Boundary_(ID_1Kd/CZE6MyKBskAbcjp6vQ)–