Consumer prices in Armenia in January-September 2024 showed zero growth

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YEREVAN, September 25. /ARKA/. Consumer prices in Armenia showed zero growth in January-September 2024 when compared to the first nine months of last year, according to the numbers, released by the National Statistical Committee (NSC)./pp

In September of this year, compared to September of last year, an increase of 0.6% was registered, and compared to August 2024 consumer prices were up 0.2%./pp

According to the NSC, prices for industrial goods in January-September 2024 compared to the same period in 2023 increased by 2.9%. In September 2024, prices for industrial goods were up 2.9%, and they showed zero growth as opposed to August 2024./pp

Armenian government’s inflation projection for 2024 is 4% (±1.5%). In September 2024, the 12-month inflation was 0.6%. The Central Bank projection is 2.1-2% for 2024./pp

The World Bank expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF predicts that prices in Armenia will grow by 3.1% in 2024 and by 3.7% in 2025. -0-/pp nbsp;/p