Consumer prices in Armenia increased 8.8 percent year-on-year in August of 2021, accelerating from a 8.2 percent rise in the previous month. It was the highest inflation rate since August 2013, as prices went up for food & non-alcoholic beverages (15.1 percent vs 13.5 percent), housing & utilities (1.4 percent 1.1 percent), clothing & footwear (10.3 percent vs 8.1 percent) and alcoholic beverages & tobacco (9.3 percent vs 9.2 percent) and furnishings (9.5 percent vs 9.3 percent). On the other hand, inflation slowed for transport (10.0 percent vs 11.8 percent), restaurants & hotels (2.6 percent vs 2.9 percent) and health (5.3 percent vs 5.9 percent). On a monthly basis, consumer prices were up 0.4 percent, rebounding from a 0.4 percent drop in July. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia averaged 558.14 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 September 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. 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.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.20 22887.40 -5.52 1993 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-03 08:00 AM May 5.9% 6.2% 6.3%
2021-07-06 08:00 AM Jun 6.5% 5.9%
2021-08-04 08:00 AM Jul 8.2% 6.5%
2021-09-03 08:00 AM Aug 8.8% 8.2% 8%
2021-10-05 08:00 AM Sep 8.8%
2021-11-03 08:00 AM Oct
2021-12-03 08:00 AM Nov


News Stream
Armenia Inflation Rate Hits 8-Year High
Consumer prices in Armenia increased 8.8 percent year-on-year in August of 2021, accelerating from a 8.2 percent rise in the previous month. It was the highest inflation rate since August 2013, as prices went up for food & non-alcoholic beverages (15.1 percent vs 13.5 percent), housing & utilities (1.4 percent 1.1 percent), clothing & footwear (10.3 percent vs 8.1 percent) and alcoholic beverages & tobacco (9.3 percent vs 9.2 percent) and furnishings (9.5 percent vs 9.3 percent). On the other hand, inflation slowed for transport (10.0 percent vs 11.8 percent), restaurants & hotels (2.6 percent vs 2.9 percent) and health (5.3 percent vs 5.9 percent). On a monthly basis, consumer prices were up 0.4 percent, rebounding from a 0.4 percent drop in July.
2021-09-03
Armenia Inflation Rate at Near 8-Year High
Consumer prices in Armenia increased 8.2 percent year-on-year in July of 2021, accelerating from a 6.5 percent rise in the previous month. It was the highest inflation rate since August 2013, as prices went up for food & non-alcoholic beverages (13.5 percent vs 8.8 percent in June), housing & utilities (1.1 percent vs 1.0 percent), clothing & footwear (8.1 percent 6.6 percent) and alcoholic beverages & tobacco (9.2 percent vs 8.8 percent). On the other hand, inflation eased for transport (11.8 percent vs 12.3 percent), restaurants & hotels (2.9 percent vs 3.4 percent) and furnishings (9.3 percent vs 9.6 percent). On a monthly basis, consumer prices declined 0.5 percent, following a 0.8 percent decrease in June.
2021-08-04
Armenia Inflation Rate at Over 6-Year High
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.
2021-07-06
Armenia Consumer Price Inflation Slows in May
Armenia’s annual inflation rate eased to 5.9 percent in May of 2021 from a 6-year high of 6.2 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (7.5 percent) and transportation (11.7 percent). Additionally, prices also went up in furnishings, household equipment & routine maintenance of the house (9.3 percent); alcoholic beverages & tobacco (8.7 percent); health (6.2 percent); clothing & footwear (5.9 percent); and miscellaneous goods & services (4.6 percent). On a monthly basis, consumer prices edged lower by 0.4 percent, following a 1.3 percent increase in the previous month.
2021-06-03

Armenia Inflation Rate
In Armenia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.