Will we have low inflation?

11/07/2011

“We already have deflation in June. It will continue in July and till August. So we restored the natural motive, which didn’t exist in the past year. For example, last August we had inflation, which was unprecedented because summer is the season when the agricultural goods appear on the market. The prices of agricultural goods decrease and cause the reduction of general consumption basket,” told our reporter the RA Prime Minister Tigran Sargsyan. Let us remember that in March during the meeting with the Prime Minister and the cabinet stated that in two months the prices should become “reasonable.” “The government and the Central Bank should understand that our inflation should be at least twice as low as the last year,” said S. Sargsyan. “According to CB predictions we will end the year in the frames of 5,5 inflation instead of 10 of the previous year. This evidently shows that the inflation is entering into a predictable circle,” said RA Prime Minister Tigran Sargsyan.