Armenia Ranks Last Among Former Soviet States in Inflation

Armenia has ranked last among former Soviet countries in terms of inflation, according to Belorussian site BelaPAN, which analyzed data from each country’s national statistical service and compared growth in consumer prices over a period of the first 7 months of 2011.

Researchers found the measure of inflation the highest in Belarus, at 41%. Second and third place went to Tajikistan (7.7%) and Kyrgyzstan (6.9%), respectively. This was followed by Kazakhstan (5.6%), Russia (5%), Moldova (4.9%), Ukraine (4.6%), Latvia (3.8%), Lithuania (2.9%), Estonia (2.7%), Azerbaijan (1.7%), Georgia (0.7%) and Armenia trailing behind at 0.4%.

There was no data on Turkmenistan and Uzbekistan.