YEREVAN, JUNE 2, NOYAN TAPAN. The growth of consumer prices and of the settlement exchange rate of the Armenian dram against the U.S. dollar made 7.4% and 1.1% in May 2008 on December 2007. In the same period of last year, 4.2% growth of consumer prices and 3% fall in the settlement exchnage rate of the dram against the dollar was registered in Armenia. According to the RA National Statistical Service, 1.3% inflation in Armenia's consumer market in May on April 2008 was accompanied by a 0.5% fall in the exchange rate of the Armenian dram against the dollar (the dram appreciated). The average exchange rate of the Armenian dram against the dollar made 307.56 drams in May 2008, which was lower by 13.1% than the index of May 2007 (353.77 drams).

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