The annual inflation rate in Armenia slowed to 0.7 percent in December of 2019 from 1.0 percent in the previous month. This was the lowest inflation rate since September, as food & non-alcoholic beverages cost fell (-0.3 percent vs 0.5 percent in November) while housing & utilities prices slowed (0.9 percent vs 1.1 percent). In contrast, cost advanced faster for transport (2.3 percent vs 1.9 percent) and health (1.8 percent vs 1.7 percent). On a monthly basis, consumer prices rose 1.3 percent, the most since January last year, after a 1.1 percent gain in November. Inflation Rate in Armenia averaged 593.60 percent from 1993 until 2019, 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.

Inflation Rate in Armenia is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 1.00 22887.40 -5.52 1993 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-03 08:00 AM Sep 0.5% 0.6% 1.1%
2019-11-05 08:00 AM Oct 0.9% 0.5% 0.4%
2019-12-05 03:30 AM Nov 1% 0.9% 0.8%
2020-01-13 02:00 PM Dec 0.7% 1% 0.5%
2020-02-05 08:00 AM Jan 0.7%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-12-05
Armenian Inflation Rate at 4-Month High of 1% in November
The annual inflation rate in Armenia inched higher to 1 percent in November 2019 from 0.9 percent in the previous month. This was the highest inflation rate since July, amid a pick up in cost of food & non-alcoholic (0.5 percent vs a flat reading in October). In addition, prices rose further for housing & utilities (1.1 percent vs 1.1 percent), transport (1.9 percent vs 2.4 percent) and health (1.7 percent vs 1.6 percent). On a monthly basis, consumer prices rose 1.1 percent, the most since January, after a 0.6 percent gain in October.

2019-11-05
Armenia Inflation Rate Rises in October
The annual inflation rate in Armenia increased to 0.9 percent in October of 2019 from 0.5 percent in the previous month. Food & non-alcoholic cost rebounded (a flat reading vs -1.4 percent in September) while prices advanced faster for housing & utilities (1.1 percent vs 1.0 percent); transport (2.4 percent vs 2.2 percent) and health (1.6 percent vs 1.4 percent). On a monthly basis, consumer prices rose 0.6 percent, after increasing 0.2 percent drop in September.

2019-10-03
Armenia Inflation Rate Drops to Over 2-Year Low
The annual inflation rate in Armenia fell to 0.5 percent in September of 2019 from 0.6 percent in the previous month. It was the lowest inflation since March of 2017, as food & non-alcoholic cost continued to fall (-1.4 percent vs -0.3 percent in August) while health prices slowed (1.4 percent vs 1.6 percent). On the other hand, cost advanced faster for housing & utilities (1.0 percent vs 0.3 percent) and transport (2.2 percent vs 1.0 percent). On a monthly basis, consumer prices rose 0.2 percent, rebounding from a 0.4 percent drop in August.

2019-09-04
Armenia Inflation Rate Drops to 2-1/2-Year Low of 0.6%
The annual inflation rate in Armenia fell to 0.6 percent in August of 2019 from 1.7 percent in the previous month. It was the lowest inflation since March of 2017, when deflation ended. Cost slowed for transport (1 percent vs 1.1 percent in July) and health (1.6 percent vs 1.7 percent) while inflation was steady for housing & utilities (at 0.3 percent). Also, prices dropped for food & non-alcoholic beverages (-0.3 percent vs 2.6 percent). On a monthly basis, consumer prices went down 0.4 percent, after a 1.9 percent slump in July.

2019-08-05
Armenia Inflation Rate Eases to 6-Month Low
Inflation rate in Armenia slowed to 1.7 percent in July of 2019 from 2.5 percent in the previous month. It was the lowest inflation rate since January, as cost slowed for food and non-alcoholic beverages (2.6 percent vs 4.6 percent in June); transport (1.1 percent vs 1.4 percent) and restaurants & hotels (1.1 percent vs 1.6 percent). On the other hand, inflation was steady for housing & utilities (at 0.3 percent) and health (at 1.7 percent) while prices advanced faster for clothing & footwear (6.2 percent vs 5.2 percent); miscellaneous goods & services (0.3 percent vs 0.2 percent) and for alcoholic beverages & tobacco (4.1 percent vs 4.0 percent). On a monthly basis, consumer prices decreased 1.9 percent, the same pace as in June.

2019-07-03
Armenia Inflation Slows to 2.5% in June
Consumer prices in Armenia increased 2.5 percent year-on-year in June of 2019, easing from a 2.8 percent rise in the previous month. Prices rose at a softer pace for food and non-alcoholic beverages (4.6 percent vs 5.3 percent in May); miscellaneous goods & services (0.2 percent vs 0.7 percent); health (1.7 percent vs 2.2 percent); restaurants & hotels (1.6 percent vs 1.7 percent) and alcoholic beverages & tobacco (4.0 percent vs 4.5 percent). On the other hand, cost advanced faster for transport (1.4 percent vs 1.1 percent) and clothing & footwear (5.2 percent vs 1.7 percent) while inflation was steady for housing & utilities (at 0.3 percent). On a monthly basis, consumer prices decreased 1.9 percent, following a 0.4 percent drop in May.


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.

Armenia Prices Last Previous Highest Lowest Unit
Inflation Rate 0.70 1.00 22887.40 -5.52 percent [+]
Consumer Price Index CPI 129.81 128.15 131.92 0.03 points [+]
Core Consumer Prices 100.08 100.07 101.46 99.44 points [+]
Core Inflation Rate 0.60 0.70 7.60 -1.60 percent [+]
Producer Prices 100.50 99.10 108.70 89.70 points [+]
Inflation Rate Mom 1.30 1.10 437.80 -5.50 percent [+]
Import Prices 101.70 97.50 123.50 85.50 points [+]
Producer Prices Change -0.60 0.50 12.50 -7.70 percent [+]
Food Inflation -0.30 0.50 7.90 -7.79 percent [+]
Export Prices 95.40 99.30 146.10 73.00 points [+]