Consumer prices in Armenia were up 8.8 percent year-on-year in August after 8.2 percent inflation in July, the Statistical Committee said.

Inflation in August was 0.4 percent compared to a month earlier when the consumer price index declined by 0.5 percent. In January-August, inflation was 6.4 percent year-on-year.

Armenia’s government projects annual inflation in a range of 2.5-5.5 percent in 2021. The economic growth projection was revised to 6 percent from 3.2 percent.