YEREVAN, JUNE 21, NOYAN TAPAN. In parallel with a 2.4% price growth on Armenia's consumer market in May 2006, the Armenian dram appreciated by 2.3% against the US dollar. According to the RA National Statistical Service, a 5.6% growth in consumer prices was registered in May 2006 on December 2005, with the settlement exchange rate of the US dollar declining 2.1% in the indicated period. A similar tendency was registered in the same period of last year: a 2.9% rise in consumer prices was accompanied by a 7.6% depreciation of the dollar. The average settlement exchange rate of the US dollar made 439.73 drams in May 2006, which was lower by 2.1% than the respective index of May 2005 (449.25 drams).

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