23/09/2010 14:45
Inflation rate exceeds planned index in Armenia
A 7.7 percent inflation rate is recorded in Armenia exceeding the index stipulated by the law On State Budget, Chairman of the National Assembly Standing Committee on Financial-Credit, Budgetary and Economic Affairs Gagik Minasyan told a news conference.
Meanwhile Minasyan positively assessed GDP index over the first 8 months of 2010.
According to him, unfavorable agricultural year, problems in domestic markets, particularly, in grain market, resulted in rise in inflation.
The expert said that during the year CBA used mechanisms to suppress the inflation, otherwise inflation rate would have been much higher. He noted that inflation rate will approach the planned index by the end of the year.