Artsvik Minasyan foretells two-figure inflation based on 2011 results

PanARMENIAN.Net - Armenia will face a two-figure inflation based on 2011 results, according to the deputy chairman of the standing parliamentary committee for financial issues, ARF Dashnaktsutyun member.

As Artsvik Minasyan stated, by the end of year, the Central Bank, through significant monetary interventions, may alter the final figure to prove the inflation goal stipulated by the budget was reached, with a 1-2% deflection.

“However, this not reality. The reality is much harsher,” he stressed.

Minasyan expressed skepticism over the ability of current authorities to provide inflation rate below the double-figure. Nor, he said, will the authorities succeed in curbing prices for food products by improving situation in agriculture.

The national budget envisages 4,6% GDP growth and 4% (±1,5%) inflation for 2011.