Armenian inflation totals 6.6% in 2007

Emil Lazarian News

ARMENIAN INFLATION TOTALS 6.6% IN 2007

Russia & CIS Business and Financial Newswire
January 9, 2008 Wednesday 5:44 PM MSK

Armenia posted inflation of 6.6% in 2007, including 1.5% in December
compared to November, the Armenian National Statistics Service said
in a statement.

The cost of food, including alcoholic beverages and tobacco, grew
2.5% in December, while nonfood prices rose 0.8%. Services grew 0.1%
in price in December.

Armenian Central Bank Chairman Tigran Sarkisian said in October that
inflation was to total 4% in 2007, give or take 1.5%. He said, however,
that inflation could total 7.5% in 2007 due to external factors.

From: Emil Lazarian | Ararat NewsPress

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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