In the first half of 2019, some significant changes were reported in the Armenian economy.

The GDP growth rate of Armenia for the 1st quarter of 2019 amounts to 7.1%. This figure is the highest indicator among the European countries.

Hungary follows Armenia having 5.2% GDP growth, and with 5% GDP growth Romania comes next.

Poland and Georgia have 4.7% GDP growth rate taking 4th and 5th positions.

Coming back to Armenia, inflation amounting to 2.5% was registered in the consumer market in June 2019 compared with June 2018. Meanwhile, compared with May 2019, 1.9% deflation is recorded.

Armenia’s statistical service released figures according to which the average monthly increase of consumer prices for the period January-June 2019 was 0.2% which is less by 0.1% than the number reported for the same period in 2018.

Armenian cities that were under study had a 2.7%-1.2% price cut in consumer prices in June from May. Yeghegnadzor has the highest drop in prices. Compared with May consumer prices dropped by 1.8% in Yerevan (Armenia leader in Europe with GDP growth rate in 1st quarter of 2019, ARMENPRESS (July 11, 2019) (in English), Armenia’s consumer market sees 2.5% inflation in 12 months, panorama.am (July 9, 2019) (in English)).

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