The annual inflation rate in Armenia increased to 1.2 percent year-on-year in May of 2020 from 0.9 percent in the previous month. It was the highest inflation rate since July of 2019, mainly due to a rebound in prices of food, beverages & tobacco (1 percent vs -0.3 percent in April). Meantime, housing & utilities inflation was steady at 1.1 percent while transport cost fell further (-3.7 percent vs -0.9 percent). On a monthly basis, consumer prices went down 0.1 percent, after a 0.9 percent gain in April.

Inflation Rate in Armenia averaged 584.27 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 June of 2020.

Inflation Rate in Armenia is expected to be 3.20 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 3.10 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2021, according to our econometric models.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.90 22887.40 -5.52 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-03-04 09:00 AM Feb -0.5% 0.3% 0.1%
2020-04-03 08:00 AM Mar -0.1% -0.5% 2.5%
2020-05-06 08:00 AM Apr 0.9% -0.1% -0.4%
2020-06-03 08:00 AM May 1.2% 0.9% 0.9%
2020-07-03 08:00 AM Jun 1.2% 3.2%
2020-08-05 08:00 AM Jul
2020-09-03 08:00 AM Aug
2020-10-05 08:00 AM Sep 2.2%


News Stream
Armenia Inflation Rate Rises to 10-Month High of 1.2%
The annual inflation rate in Armenia increased to 1.2 percent year-on-year in May of 2020 from 0.9 percent in the previous month. It was the highest inflation rate since July of 2019, mainly due to a rebound in prices of food, beverages & tobacco (1 percent vs -0.3 percent in April). Meantime, housing & utilities inflation was steady at 1.1 percent while transport cost fell further (-3.7 percent vs -0.9 percent). On a monthly basis, consumer prices went down 0.1 percent, after a 0.9 percent gain in April.
2020-06-03
Armenia Consumer Prices Fall for 2nd Month
Consumer prices in Armenia edged down 0.1 percent year-on-year in March 2020, following a 0.5 percent decline in February. Cost continued to fall for food & non-alcoholic beverages (-2.8 percent vs -4.1 percent in February); recreation & culture (-1.8 percent vs -1.6 percent) and communication (-0.1 percent, the same pace as in the previous month). Also, inflation slowed for transport (1.5 percent vs 2.1 percent); clothing & footwear (1.7 percent vs 3.5 percent) and restaurants & hotels (0.9 percent vs 1.8 percent). In contrast, cost advanced faster for housing & utilities (1.3 percent vs 1.2 percent) and alcoholic beverages & tobacco (10 percent vs 9.1 percent). On a monthly basis, consumer prices went up 0.5 percent, after a 0.2 percent decline in February.
2020-04-03
Armenia Posts 1st Month of Deflation since 2017
Consumer prices in Armenia went down 0.5 percent year-on-year in February of 2020, following an upwardly revised 0.3 percent rise in the previous month. It was the first deflation since March of 2017, amid lower prices of food & non-alcoholic beverages (-4.1 percent vs -1.7 percent in January); recreation & culture (-1.6 percent vs -0.6 percent) and communication (-0.1 percent, the same pace as in the previous month). Also, inflation slowed for transport (2.1 percent vs 2.9 percent). In contrast, cost advanced faster primarily for alcoholic beverages & tobacco (9.1 percent vs 5 percent); clothing & footwear (3.5 percent vs 2.9 percent); restaurants & hotels (1.8 percent vs 1.6 percent) and housing & utilities (1.2 percent vs 0.9 percent). On a monthly basis, consumer prices dropped 0.2 percent, after an upwardly revised 1.4 percent increase in the preceding month.
2020-03-04
Armenia January Inflation Rate Drops to 0.2%
The annual inflation rate in Armenia eased to 0.2 percent in January of 2020 from 0.7 percent in the previous month, as prices fell for food & non-alcoholic beverages (-1.8 percent vs -0.3 percent in December); furnishings (-0.3 percent vs 0.1 percent); recreation & culture (-0.4 percent vs -0.9 percent) and communication (-0.1 percent, the same pace as in the prior month). Meantime, inflation remained steady for housing & utilities (at 0.9 percent) while it picked up for transport (2.9 percent vs 2.3 percent); clothing & footwear (2.9 percent vs 2.5 percent) and alcoholic beverages & tobacco (5 percent vs 4.6 percent). On a monthly basis, consumer prices went up 1.3 percent, the same pace as in the previous month.
2020-02-05

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.