Consumer prices in Armenia increased 6.5 percent year-on-year in June of 2021, from 5.9 percent in the previous month. It was the highest inflation rate since April of 2015 mainly pushed up by prices of food & non-alcoholic beverages (8.8 percent); transportation (12.3 percent); alcoholic beverages (8.8 percent); household equipment & routine maintenance of the house (9.6 percent); and health (6.2 percent). On a monthly basis, consumer prices decreased 0.8 percent, following a 0.4 percent drop in May. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 561.46 percent from 1993 until 2021, 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 July of 2021.
Inflation Rate in Armenia is expected to be 8.00 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 3.50 percent in 2022 and 3.60 percent in 2023, according to our econometric models.