YEREVAN, JANUARY 8, NOYAN TAPAN. A 5.2% growth in consumer prices was registered in Armenia in December 2006 on December 2005, while the exchange rate of the Armenian dram against the US dollar declined by 18.8% (the dram appreciated). According to the RA National Statistical Service, a 0.2% and 7.6% fall in consumer prices and the exchange rate was registered in December 2005 on December 2004. The 1.6% inflation in the Armenian consumer market in December on November 2006 was accompanied by a 3.1% decline in the exchange rate of the Armenian dram against the US dollar. The average settlement rate of the Armenian dram against the US dollar made 364.69 drams in December 2006 as compared with 449.36 drams in the previous year.

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