Yerevan/Mediamax/. Inflation in Armenia in 2011 will reach 7%, Ameriabank Development Director Tigran Jrbashyan said today.

Tigran Jrbashyan said that the relative stabilization of world prices for food and non-food products as well as the 30% growth of private transfers to Armenia during first 6 months smoothen the inflation, Mediamax reports.

“Conducting the monetary-credit policy today, the Central Bank is forced to take harsh steps,” the expert stated.