Cost of food in Armenia decreased 0.30 percent in December of 2019 over the same month in the previous year. Food Inflation in Armenia averaged 0.60 percent from 2000 until 2019, reaching an all time high of 7.90 percent in February of 2001 and a record low of -7.79 percent in February of 2002.
Food Inflation in Armenia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Armenia to stand at 2.40 in 12 months time. In the long-term, the Armenia Food Inflation is projected to trend around 2.40 percent in 2020, according to our econometric models.