Armenia had lowest inflation rate in 2022 among EEU member countries

Armenia had the lowest inflation rate in 2022 among the Eurasian Economic Union #40;EEU#41; member countries, the Eurasian Economic Commission says in its 2022 yearbook.nbsp;nbsp;br /

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YEREVAN, December 7. /ARKA/. Armenia had the lowest inflation rate in 2022 among the Eurasian Economic Union (EEU) member countries, the Eurasian Economic Commission says in its 2022 yearbook.br

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In 2022 the inflation rate in Armenia amounted to 8.3%, while Russia saw 11.9% inflation rate. The inflation rate in Belarus was 12.8%, in Kyrgyzstan -14.7% , while Kazakhstan had the highest inflation rate of d 20.3%. Overall, the inflation in the Eurasian Economic Union was 12.9%.

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Armenia and Russia saw a decline of 0.4% and 3.3% in prices of industrial goods last year respectively, while .their prices rose most of all in Belarus by 13%.

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According to the National Statistical Committee, consumer prices in Armenia in November 2023 were down 0.5% as opposed to November 2022, but compared to October 2023 they were up 0.5%.

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The 10-month inflation in late October 2023 was 2.5%. Prices of industrial goods were up 1.6% compared to the same period of 2022.

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The Armenian government’s inflation forecast for 2023 is 4% (±1.5%). According to the Central Bank's September forecast, the 12-month inflation will be around 0%. -0-

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