ARMENIA POSTS ONE OF THE LOWEST INFLATION RATE AMONG CIS COUNTRIES IN JAN.-JULY

ARKA
Sep 3, 2009

YEREVAN, September 3, /ARKA/. Armenia posted a 2.7% year-on-year
inflation rate for the first seven months of the year among other CIS
member countries. According to official figures of the CIS Statistical
Committee, consumer prices in former Soviet republics rose on average
by 12% in this period.

It said also that consumer prices in Armenia fell by 2.7% in July
against June.

The lowest inflation rate in Jan.-July 2009 was reported by Moldova
(0.9%), which was followed by Georgia (2.1%), Azerbaijan came in after
Armenia with a 3.1%, Tajikistan was fifth with 8.2%, Kazakhstan’s
inflation rate was 8.2%.

The highest rise of consume prices was in Ukraine (17.3%), Belarus
(14.4%), Russia (12.9%), Kyrgyzstan (11%). No figures were available
for Turkmenistan and Uzbekistan.

From: Emil Lazarian | Ararat NewsPress