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5.6% inflation registered in Armenia in 2015: CIA report

5.6% inflation registered in Armenia in 2015: CIA report

PanARMENIAN.Net - The U.S. Central Intelligence Agency (CIA) published a report on inflation rates (consumer prices) worldwide which compares the annual percent change in consumer prices with the previous year's consumer prices.

According to the report, Armenia posted a 5.6% inflation in 2015, to take the 44th spot. Official data, however, point to only 3.7% hike in consumer prices.

Venezuela registered the highest rates of inflation in 2015, with experts finding it difficult to even provide precise figures. Ukraine follows the South American nation with 49% inflation last year.

In a number of countries, on the contrary, the CIA has registered deflation, with Lebanon, the Northern Mariana Islands, Afghanistan, Greece and Switzerland reporting a drop in consumer prices.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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