Core consumer prices in Armenia increased 1.40 percent in May of 2019 over the same month in the previous year. Core Inflation Rate in Armenia averaged 3.18 percent from 2006 until 2019, reaching an all time high of 7.60 percent in February of 2010 and a record low of -1.60 percent in January of 2017.
Core Inflation Rate in Armenia is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in Armenia to stand at 1.80 in 12 months time. In the long-term, the Armenia Core Inflation Rate is projected to trend around 1.60 percent in 2020, according to our econometric models.