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In May Armenia registers one of the lowest inflation rates in CIS area

13:07, 31.07.2012 Region: World News, Armenia, Russia Theme: Economics

Armenia’s 0.8% inflation registered in May 2012 as compared with last December is one of the lowest in CIS area.

As compared with April, prices went down by 1.3% in Armenia, CIS statistical committee said.

Inflation was registered in all CIS states, except for Azerbaijan, in May as compared to December 2011. During the mentioned period the average inflation in CIS area reached 2%.

The major increase in consumer prices during the period was registered in Belarus (8.5%), Kazakhstan (2.4%), Russia, (2.3%) and Tajikistan (2.3%). In Kyrgyzstan inflation made 1.3%, in Moldova - 1.2%, and in Ukraine - 0.4%.

In the same period the consumer prices in Azerbaijan fell by 0.8%. Data for Turkmenistan and Uzbekistan is not provided.

Armenia News - NEWS.am

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