Consumer prices in Armenia were up 5.9 percent year-on-year in May after 6.2 percent inflation in April, the Statistical Committee said.

Deflation in May was 0.4 percent compared to a month earlier when the consumer price index rose by 1.3 percent. In January-April, inflation was 5.5 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 is 3.2 percent.