0.4% inflation registered in August 2021 – Central Bank President

16:05, 14 September, 2021

YEREVAN, SEPTEMBER 14, ARMENPRESS. 0.4% inflation has been registered in Armenia in August 2021, against the 0.1% decline in August 2020, President of the Central Bank Martin Galstyan said at a press conference.

“In these circumstances the 12-month inflation continued increasing and comprised 8.8% by the end of the month, and the normal inflation in August has also been maintained within the 8% range”, the CBA President said.

He noted that in the third quarter of 2021 the economic activity and gross demand in main partner countries of Armenia continues growing rapidly than expected, despite certain slow rates of the use of COVID-19 vaccines and new outbreaks of the virus in different countries.

“In such situation the inflation is being maintained conditioned by several factors of the supply and demand”, he said, adding that inflationary impact is expected from the external sector on Armenia’s external economy.

Editing and Translating by Aneta Harutyunyan

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS