Inflation in Armenia will be Close to Budget Target

This year we’ll see an inflation that’ll be close to the target index based on the budget, said RA Minister of Finance Tigran Davtyan at a press conference today.

Earlier, it had been reported that the target inflation, stipulated by budgetary law, level was restricted to 4 ± 1.5%; however, Armenian Prime Minister Tigran Sargsyan had recently announced that a level of 6.5% is more likely.

In order to soften the blow of a rise in gas prices, the government will be raising family benefits by 3,500 AMD beginning on May 1 and pension payments by 2,500 AMD beginning on Nov. 1.

That’s as much as we can do, said the finance minister.