Armenia: Strategic developments in Yerevan
A 10% increase in gas prices in Armenia could increase inflation by approximately 0.8 percentage points. On this, Central Bank of Armenia President Martiros Galstyan announced on a November 3rd meeting, presenting the Central Bank's calculations. According to him, the increase in gas prices will affect not only consumption costs, but also the prices of products in other sectors using electricity and gas. Galstyan, however, emphasized that the Central Bank does not have a concrete scenario for the possible increase in gas prices.
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