Armenian Inflation Slows as Cost of Food, Consumer Goods Eases

Armenian inflation slowed in November as the cost of food and other consumer goods eased.

Consumer prices rose to 4.8 percent from a year earlier compared with 5.7 percent in October, the statistical service in the capital, Yerevan, said today on its website. Prices advanced 1.2 percent from the previous month.

Armenia’s government predicts inflation will slow further through year-end after accelerating in February, Economy Minister Tigran Davytyan said in a Nov. 29 interview in Tbilisi, the Georgian capital.

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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