The annual inflation rate in Armenia slowed to 0.7 percent in December of 2019 from 1.0 percent in the previous month. This was the lowest inflation rate since September, as food & non-alcoholic beverages cost fell (-0.3 percent vs 0.5 percent in November) while housing & utilities prices slowed (0.9 percent vs 1.1 percent). In contrast, cost advanced faster for transport (2.3 percent vs 1.9 percent) and health (1.8 percent vs 1.7 percent). On a monthly basis, consumer prices rose 1.3 percent, the most since January last year, after a 1.1 percent gain in November.
Inflation Rate in Armenia averaged 593.60 percent from 1993 until 2019, 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.
Inflation Rate in Armenia is expected to be 2.50 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 3.10 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.