YEREVAN May 31 Armenia's central bank has
revised its annual inflation forecast for 2017 to 2.5 percent
from 0.6 percent, the bank said on Wednesday.
Armenia has seen consumer prices decline recently as it felt
the pain from the economic crisis in Russia, which hit consumer
demand as remittances from Armenians working in its former
Soviet ruler went down.
Annual deflation in 2016 was 1.1 percent.
The central bank governor Artur Javadyan told in an
interview to Reuters in March that prices would remain at a low
level over the short term, gradually boosting annual inflation
to 4 percent by early 2019.
(Reporting by Hasmik Mkrtchyan, writing by Margarita Antidze;
editing by Maria Kiselyova)