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23 September 2013 - 10:59 AMT

Armenia 3rd for consumer price growth among ex-Soviet countries

Armenia is ranked 3rd among the ex-Soviet countries for the consumer price growth in January-August 2013.

According to the National Statistical Service, a 3,5% inflation (annual inflation of 5,3%),was posted in the country’s consumer market in January-August 2013; the August inflation reached 0,3%.

Belarus is leading the list for the growth in consumer prices with 8,2% inflation rate followed by Russia (4,5%) and Kazakhstan (3,1%.)

Tajikistan and Estonia reported an upsurge of 2,5%, Kyrgyzstan and Moldavia 1,1% each, Azerbaijan and Lithuania – 0,2% and 0,1% respectively. Latvia and Ukraine posted a price drop of 0,6%, similarly to Georgia and Turkmenistan – 0,9% and 1,7% respectively.