Armenia’s consumer market sees 6.2% inflation in 12 months

Panorama, Armenia
May 8 2021

In April 2021, 6.2% inflation was registered in Armenia’s consumer market to compare with April of the past year, while 1.3% inflation is recorded against March of the ongoing year.

According to the figures released by the country’s statistical service, in January – April 2021, the average monthly increase of consumer prices stood at 1.3% which is up by  0.7% the number recorded in the previous year.

Consumer prices increased by 0.9-1.6% in all Armenian cities under study in April against March, with the highest inflation rates recorded in the town of Gavar. Capital Yerevan saw a rise of 1.2% in consumer prices last year.