Interfax, Russia
Nov 20 2008
Armenia posts 0.7% inflation in Oct, 4.9% in ten months
YEREVAN Nov 20
Armenia had inflation of 0.7% in October 2008 and 4.9% in the first
ten months of the year, the National Statistics Service said.
In October, prices on food (including alcohol and tobacco) grew 1.6%,
the cost of nonfood goods declined 0.2% and services fell 0.8% in
price.
Average monthly price growth in Armenia totaled 0.5% in January-
October compared with growth of 0.3% per month in the same period of
2007.
The government forecasts inflation for the full year at 4% plus or
minus 1.5 percentage points. The IMF forecasts Armenian inflation in
2008 at 7.5%.
Armenia had 6.6% inflation in 2007.
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