Armenia is in more favorable condition than Russia in terms of the fluctuations of living standards, Armenian Vice Prime Minister and Minister of International Economic Integration and Reforms, Vache Gabrielyan, stated in the parliament Wednesday.

It must be admitted that the 3.2 percent economic growth didn’t correspond to the welfare dynamics of households affected by the drop of transfers from Russia.    

Nevertheless, this drop has stabilized now, Gabrielyan added.

“If we consider the dynamics of consumption and living standards in Russia, which we are closely linked with, the picture there is incomparable with ours,” he added.

According to the information of Russian Federal State Statistics Service (Rosstat), inflation in Russia constituted 12.9 percent in 2015, while in Armenia it made up minus 0.1 percent during the same period.