3.7% inflation expected in Armenia in 2007
13.11.2007,
18:42
The International Monetary Fund (IMF) forecasts 3.7% inflation in Armenia in 2007, with 8.6% average inflation forecast in the countries of Middle East and Central Asia, says the IMF Regional Economic Outlook: Middle East and Central Asia issued in Octobe
YEREVAN, November 13. /ARKA/. The International Monetary Fund (IMF) forecasts 3.7% inflation in Armenia in 2007, with 8.6% average inflation forecast in the countries of Middle East and Central Asia, says the IMF Regional Economic Outlook: Middle East and Central Asia issued in October. Armenia is one from the bottom among the low-income countries – 3.7% inflation, with the average inflation in the ten-country group being 9.2%.
The maximum price rise in expected in Yemen (12.5%), followed by Uzbekistan (12.2%), Tajikistan (9.9%), Georgia (8.5%), Kyrgyzstan (7%). Djibouti ranks last (3.5%).
In Azerbaijan and Kazakhstan, which are oil-exporting countries, inflation is to reach 16.6% and 8.6% respectively. The average inflation in this group of countries is 9.8% for 2007.
The IMF outlook contains inflation forecasts for 2008. According to the forecasts, 4.9% inflation is expected in Armenia, with 7.9% average inflation expected in the Middle East and Central Asia, and 8% inflation expected in low-income countries.
The lowest inflation in the Commonwealth of Independent States (CIS) was recorded in Armenia in January-September 2007.
3% inflation was recorded in Armenia in October 2007 compared to December 2006. 4% (±1.5%) is budgeted in Armenia for this year.–0--
The maximum price rise in expected in Yemen (12.5%), followed by Uzbekistan (12.2%), Tajikistan (9.9%), Georgia (8.5%), Kyrgyzstan (7%). Djibouti ranks last (3.5%).
In Azerbaijan and Kazakhstan, which are oil-exporting countries, inflation is to reach 16.6% and 8.6% respectively. The average inflation in this group of countries is 9.8% for 2007.
The IMF outlook contains inflation forecasts for 2008. According to the forecasts, 4.9% inflation is expected in Armenia, with 7.9% average inflation expected in the Middle East and Central Asia, and 8% inflation expected in low-income countries.
The lowest inflation in the Commonwealth of Independent States (CIS) was recorded in Armenia in January-September 2007.
3% inflation was recorded in Armenia in October 2007 compared to December 2006. 4% (±1.5%) is budgeted in Armenia for this year.–0--
