The annual inflation rate in Armenia rose to 1.6 percent in November of 2020 from 1.3 percent in the prior month. Main upward pressure came from prices of alcoholic beverages & tobacco (10.2 percent vs 9.7 percent in October); health (2.8 percent vs 2.5 percent); transport (2 percent vs 1.1 percent) and furnishings (2.3 percent vs 1.7 percent). On a monthly basis, consumer prices went up 1.3 percent, following a 0.5 percent increase in the previous month. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 573.48 percent from 1993 until 2020, 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 December of 2020.
Inflation Rate in Armenia is expected to be 1.10 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 3.00 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.90 percent in 2021 and 3.50 percent in 2022, according to our econometric models.