The annual inflation rate in Armenia surged to 3.7 percent in December of 2020 from 1.6 percent in the previous month. It was the highest inflation rate since March of 2018, pushed up by prices of alcoholic beverages & tobacco (10.4 percent vs 10.2 percent in November); food & non-alcoholic beverages (4.9 percent vs 0.8 percent); transport (4.7 percent vs 2 percent) and miscellaneous goods & services (5.5 percent vs 3.9 percent). On a monthly basis, consumer prices inched up 3.4 percent, the most since January of 2012, after increasing 1.3 percent in the previous month. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 571.72 percent from 1993 until 2020, reaching an all time high of 22887.40 percent in June of 1994 and a record low of -5.52 percent in March of 1999. This page provides the latest reported value for - Armenia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Inflation Rate in Armenia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Armenia to stand at 2.90 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2022, according to our econometric models.