Armenia’s annual inflation rate eased to 8.3 percent in December of 2022, from 8.8 percent in the previous month. Prices slowed further for food & non-alcoholic beverages (10 percent vs 11.1 percent) and clothing & footwear (7.2 percent vs 7.5 percent). Meanwhile, prices edged higher for housing & utilities (8.2 percent vs 8 percent). For the full year of 2022, consumer prices rose 8.6 percent compared to the same period a year ago. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 532.95 percent from 1993 until 2022, 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 January of 2023.
Inflation Rate in Armenia is expected to be 9.50 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 4.00 percent in 2024, according to our econometric models.