Wage Growth In Armenia Ahead Of Price Growth

WAGE GROWTH IN ARMENIA AHEAD OF PRICE GROWTH

news.am
Aug 22, 2011
Armenia

YEREVAN. – Average wages in Armenia grew in relation to price growth.

The average salary in July 2011 increased by 6.7 percent, as compared
with July 2010, whereas prices grew up by 6.3 percent.

For the first time after the crisis of 2009 growth of wages is ahead
of price growth, which indicates an increase in living standards.

According to the National Statistical Service of Armenia the average
wage in the country as of July is AMD 120.8 thousand ($ 330) – a
record for Armenia. Average wages in the private sector amount to AMD
147 thousand ($ 402), in the public sector – AMD 98 thousand ($ 265).

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