Consumer prices in Armenia were up 6.5 percent year-on-year in February after 7.1 percent annual inflation in January, the Statistical Committee said.

Inflation in February was 0.1 percent compared to a month earlier when the consumer price index rose by 1.6 percent.

In January-February, consumer prices rose by 6.8 percent year-on-year.

Armenia’s government projects annual inflation in a range of 2.5-5.5 percent in 2022. The central bank expects that inflation will get closer to the target at the end of the second quarter.