The chairman of parliamentary committee for financial-credit and budgetary affairs believes stage budget-stipulated inflation rate of 4% (±1,5%) is achievable.

According to Gagik Minasyan, “major inflation pressure reported in early 2011 has now subsided, with a 5,7% inflation rate observed in Oct and that of 0,9% from Dec-Oct.”

“Whatever the developments are, budget-envisaged inflation rate is feasible in December,” Minasyan stressed.