Cost of food in Armenia increased 1.60 percent in August of 2020 over the same month in the previous year.
Food Inflation in Armenia averaged 0.56 percent from 2000 until 2020, reaching an all time high of 7.90 percent in February of 2001 and a record low of -7.79 percent in February of 2002. This page provides the latest reported value for - Armenia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Food Inflation - values, historical data and charts - was last updated on September of 2020.
Food Inflation in Armenia is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Armenia to stand at 2.40 in 12 months time. In the long-term, the Armenia Food Inflation is projected to trend around 2.40 percent in 2021, according to our econometric models.