Food products, services cause of 0.8% inflation in Jan-Apr 2024 

 Friday, May 10 2024 13:19:00
Food products, services cause of 0.8% inflation in Jan-Apr 2024 

ArmInfo.In Armenia, four-month inflation of 0.8% was triggered by food and services, which rose in  price by 1.8% and 0.9%, respectively, while non-food products fell in price by 1.6%. This is not much different from last year's picture, when in January-April 2023 inflation of 0.9% came from an increase in  food prices by 1.6% and an increase in the price of services by 1.1%, with a decrease in the price of non-food goods by 1%. This is evidenced by the data of the RA Statistical Committee.

Double-digit growth of economic activity in Armenia is accompanied by  high growth rates of imports and exports
 Monday, July 25 2022 17:06

ArmInfo. In Armenia, economic activity in H1 2022 increased by 11.8% per annum (against 5% growth in H1 2021 and 6.5% growth in H1 2019), which is accompanied by high growth rates of imports and exports. In June of this year, by June  2021, economic activity increased by 18.5% (against 8% growth a year  earlier and 3.4% growth in 2019), while in June 2021 alone  accelerating growth to 17% from 6.1% in May (against a similar growth  acceleration in June 2021 from 2% to 12%, and a slowdown from 8.4% to  8.2% in June 2019). This is evidenced by the preliminary data of the  RA Statistical Committee. 

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In Q1 2022, unemployment rate in Armenia decreased to 14.8%
 Wednesday, July 13 2022 18:57

ArmInfo. In Q1 2022, the unemployment rate in Armenia decreased to 14.8% from 16.7% in the same period a year earlier, but compared to the indicator for Q4 2021  (14.5%), it was slightly higher. This is evidenced by the data of the  RA Statistical Committee.

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South Caucasus Railway company transports 1.5mln tons of cargoes in  first half of 2022
 Tuesday, July 12 2022 13:30

ArmInfo.In the first half of 2022, the South Caucasus Railway company transported a total of 1.5mln tons of cargoes, as much as in the first half of 2021.

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Armenia`s metallurgy industry records 5.8% decline in Jan-May 
 Tuesday, July 12 2022 11:33

ArmInfo. This January-May, Armenia's metallurgy industry recorded a 5.8% decline in the output against a 17% growth last January-May. 

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Year-on-year inflation over 10% on Armenia`s consumer market in June  2022
 Wednesday, July 6 2022 17:17

ArmInfo.The annual inflation reached 10.3% on Armenia's consumer market this June (against 6.5% last year) due a 16.1% rise in prices for food products (including  alcohol and cigarettes), and a 7.5% rise in prices for nonfoods, with  a 5.3% rise in prices for services against an 8.8% rise in prices for  food products, 9.5% rise in prices for nonfoods and  2.1% rise in  prices for services last June against June 2020. 

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Service sector is main driver of double-digit economic growth in  Armenia
 Monday, June 27 2022 17:58

ArmInfo.In Armenia, the growth of economic activity accelerated in January-May 2022 to 10.2% per annum (from 4.3% a year earlier), which is accompanied by high growth rates  of exports and imports. In May of this year, by May 2021, economic  activity accelerated growth to 13% (from 10.9% a year earlier), while  increasing by 6.1% in May 2022 (against 2% growth in May 2021 and  5.3% growth in April 2022).

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Russia significantly increased pork exports to Armenia
 Friday, June 17 2022 14:49

ArmInfo. Russia has significantly increased the export of pork to Armenia. This was  announced on the sidelines of the St. Petersburg International  Economic Forum (SPIEF- 2022) by head of Rosselkhoznadzor (Federal  Service for Veterinary and Phytosanitary Surveillance) Sergey  Dankvert.

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Growth in Armenia`s services sector
 Friday, June 10 2022 13:02

ArmInfo. In January-April 2022, Armenia`s services sector recorded a 23.5% year-on-year growth against a 2.9% decline last January-April - up to AMD 698.2bln (over  $1.4mln). This April alone, the services sector's proceeds totaled  AMD 194.9bln ($413.9) - a 2.1% growth. 

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Higher-rate growth in Armenia trade 
 Friday, June 10 2022 12:47

ArmInfo.In January-April 2022, the turnover of Armenia`s trade sector totaled AMD 1,100bln (over $2.2bln) - 7.8% year-on-year growth against 4.8% last year.  

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Air passenger transportation has almost doubled in 4 months in  Armenia
 Tuesday, June 7 2022 14:49

ArmInfo. The volume of cargo transportation in Armenia in January-April 2022 slowed down the y-o-y growth to 10.2% (from 17.7% for the same period in 2021), amounting  to 5,031.9 thousand tons. This is evidenced by the data of the RA  Statistical Committee.

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Armenia increased electricity generation by 14.1% per annum in 4  months
 Monday, June 6 2022 21:54

ArmInfo.Electricity generation in Armenia in January-April 2022 amounted to 3,142.4 million kWh, with an acceleration of y-o-y growth from 3.1% to 14.1%. And for a  month alone a decline of 14% - to 677.1 million kWh was registered.  This is evidenced by the data of the RA Statistical Committee.

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Metallurgical industry of Armenia began to increase production  volumes more slowly
 Monday, June 6 2022 21:50

ArmInfo. Metallurgical industry of Armenia in January-April 2022 slowed down the y-o-y growth rate to 7% from 26.9% in the same period of 2021. This is evidenced by the  data of the RA Statistical Committee.

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For 4 months, volume of aluminum foil produced in Armenia exceeded 11  thousand tons
 Monday, June 6 2022 17:06

ArmInfo. In January-April 2022, 11,017 thousand tons of aluminum foil were produced in Armenia. This is evidenced by the data of the RA Statistical Committee, according  to which the y-o-y dynamics lingered in the decline with a slowdown  from 3.7% to 2.1%.

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Economic activity in Armenia in Jan-April 2022 increased by 9.4% per  annum
 Monday, June 6 2022 15:43

ArmInfo.In Armenia, economic activity in January-April 2022 increased by 9.4% per annum, against the backdrop of growth in exports and imports by 25.2% and 39.1%,  respectively, which was observed at a relatively restrained pace in  the same period a year ago - growth economic activity by 2.6% was  accompanied by an increase in exports and imports by 16.7% and 2.2%,  respectively.

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Price rally of food and oil products in Armenia spurs inflation  acceleration
 Friday, June 3 2022 14:46

ArmInfo.In Armenia, the price rally in food and oil products is spurring inflation acceleration. In May 2022, compared to May 2021, it has already reached 9% (compared to 5.9% in the previous year).

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Armenia`s economic activity increased by 9.4% per annum in Jan-Ap  2022
 Wednesday, May 25 2022 15:09

ArmInfo.In Armenia, economic activity in January-April 2022 increased by 9.4% per annum, against the backdrop of growth in exports and imports by 25.2% and 39.1%,  respectively, which was observed at a relatively restrained pace in  the same period a year ago - the growth of economic activity by 2.6%  was accompanied by the growth of exports and imports by 16.7% and  2.2%, respectively.

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Armenia`s GDP growth in Q1 2022 exceeded pre-Covid rates by 8.6% per  annum 
 Monday, May 23 2022 15:24

ArmInfo.Armenia's GDP grew by 8.6% per annum in Q1 2022  from a 3.3% decline in the same period of 2021, thereby exceeding the 7.5% growth of the comparable pre- Covid period (Q1 2019), reaching 1.5 trillion drams ($3.1 billion).

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YOY inflation in Armenia in April 2021 was 8.4%, and in January-April  alone - 5.8%
 Tuesday, May 17 2022 14:00

ArmInfo. Inflation in the consumer market of Armenia in January- April 2022 amounted to 5.8%, compared to 5.1% inflation in the same period of 2021. According to the RA  Statistical Committee, this was provoked by an increase in the prices  of food products (including alcohol and cigarettes) by 9.7% (against  8.6% a year earlier), non-food products - by 3.3% (against 5% a year  earlier) and tariffs for services - by 3% (against 1.1% a year  earlier).

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Passenger traffic in Armenia reached 40% growth in Q1
 Thursday, May 12 2022 20:25

ArmInfo.The volume of cargo transportation in Armenia in Q1 2022 accelerated the y-o-y growth to 14.7% from 9.1% a year earlier, amounting to 3,662.2 thousand tons.   Of this volume, 62.3% or 2,281.7 thousand tons is accounted for by  road transport, the annual growth rate of which accelerated from  17.5% to 21.9%. This is evidenced by the data of the RA Statistical  Committee.

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Armenia`s communications sector revenue in Q1 2022 increased by 6.8%
 Thursday, May 12 2022 18:41

ArmInfo. Armenia's communications sector revenue in Q1 2022 reached 6.8% growth from 2.4% decline a year earlier, exceeding 36 billion drams. At the same  time, the upward trend of the dominant (91.8%) telecommunications  sector accelerated the pace from 0.3% to 7.1%, with a revenue of 33  billion drams. This is evidenced by the data of the RA Statistical  Committee.

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