YEREVAN, AUGUST 5, NOYAN TAPAN. 4.5% growth of consumer prices in Armenia in July 2008 as compared with December 2007 was accompanied by a 0.5% fall in the settlement exchange rate of the Armenian dram aganst the U.S. dollar. A similar tendency was registered in the same period of last year: a 7.2% fall in the settlement exchange rate of the dram was registered in parallel with a 0.6% growth of consumer prices. According to the RA National Statsitical Service, there was a 2.2% fall of prices and 0.9% fall in the settlement exchange rate of the Armenian dram in July on June 2008. The average settlement exchange rate of the Armenian dram against the US dollar made 302.47 drams in July 2008, which is by 10.6% lower than the index of July 2007 (338.38 drams).

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