Armenia’s planned pension increase could add up to 0.2%, Central Bank Governor Martin Galstyan said.

“The increase in pensions from April 1 may lead to 0.1–0.2 % inflation by the end of the year, depending on how it is measured,” he said.

Prime Minister Nikol Pashinyan earlier announced that pensions and social benefits in Armenia will rise starting April 1. For most pensioners, payments will increase by 10,000 drams, while in some cases the increase will be up to 15,000 drams, and in others will range between 7,000 and 9,000 drams.