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.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.70 1.60 22887.40 -5.52 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-05 08:00 AM Sep 1.4% 1.8% 2.1%
2020-11-04 08:00 AM Oct 1.3% 1.4% 1.3%
2020-12-03 07:55 AM Nov 1.6% 1.3% 1.1%
2021-01-14 08:00 AM Dec 3.7% 1.6% 1.7%
2021-02-03 08:00 AM Jan 3.7% 1.5%
2021-03-03 08:00 AM Feb
2021-04-05 08:00 AM Mar
2021-05-05 08:00 AM Apr
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Armenia December Inflation Rate at Near 3-Year High
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.
2021-01-14
Armenia Inflation Rate Rises to 1.6% in November
The annual inflation rate in Armenia rose to 1.6 percent in November of 2020 from 1.3 percent in the prior month. Main upward pressure came from prices of alcoholic beverages & tobacco (10.2 percent vs 9.7 percent in October); health (2.8 percent vs 2.5 percent); transport (2 percent vs 1.1 percent) and furnishings (2.3 percent vs 1.7 percent). On a monthly basis, consumer prices went up 1.3 percent, following a 0.5 percent increase in the previous month.
2020-12-03
Armenia October Inflation Rate at 5-Month Low of 1.3%
The annual inflation rate in Armenia dropped to 1.3 percent in October of 2020 from 1.4 percent in the previous month, reaching its lowest level since May. Prices slowed mostly for food & non-alcoholic beverages (0.6 percent vs 0.8 percent in September); housing & utilities (0.3 percent vs 0.7 percent) and recreation & culture (1.1 percent vs 3.5 percent). Meanwhile, transport cost rebounded (1.1 percent vs -0.4 percent). On a monthly basis, consumer prices were up 0.5 percent, after decreasing 0.2 percent in the prior month.
2020-11-04
Armenia Inflation Rate Drops to 1.4% in September
The annual inflation rate in Armenia fell to 1.4 percent in September 2020 from 1.8 percent in the previous month. Prices slowed for food & non-alcoholic beverages (0.8 percent from 1.6 percent in August); housing & utilities (0.7 percent from 1 percent); recreation & culture (3.5 percent from 5.5 percent); education (2 percent from 3.6 percent); and alcoholic beverages & tobacco (9.8 percent from 10.1 percent). On the other hand, cost of transport dropped less (-0.4 percent vs -1.7 percent); while inflation was steady for miscellaneous goods & services (at 4.2 percent). On a monthly basis, consumer prices went down 0.2 percent, following a 0.1 percent drop in August.
2020-10-05

Armenia Inflation Rate
In Armenia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.