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Article: Armenian Central Bank forecasts inflation at 5.4% in 2009.
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- November 5, 2009
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Armenian Central Bank forecasts inflation at 5.4% in 2009
YEREVAN. Nov 5 (Interfax) - Armenia's Central Bank forecasts that inflation will total 5.4% in 2009, according to figures contained in the bank's fiscal policy program for the fourth quarter of 2009.
The report points to risks that inflation could be higher or lower than forecast, stemming from the pace of economic recovery and from current low domestic prices due to declining prices for food and commodities brought on by the global financial crisis.
On that ...