The annual inflation rate in Armenia rose for the fifth straight month to 5.3 percent in February of 2021, its highest level since April of 2015. Main upward pressure came from prices of clothing & footwear (6.9 percent vs 5.2 percent in February), transport (8.9 percent vs 7.2 percent), furnishings (8.8 percent vs 6.9 percent) and health (6.6 percent vs 5.6 percent). Meanwhile, inflation slowed for food and non- alcoholic beverages (7.4 percent vs 7.8 percent) and housing and utilities (1.5 percent vs 0.6 percent). On a monthly basis, consumer prices grew by 1.1 percent, speeding up from a 0.6 percent rise in the prior month. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 566.54 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 April of 2021.
Inflation Rate in Armenia is expected to be 8.50 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 7.00 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.