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.
Inflation Rate in Armenia averaged 577.03 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 October of 2020.
Inflation Rate in Armenia is expected to be 1.10 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 3.00 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.90 percent in 2021 and 3.50 percent in 2022, according to our econometric models.