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.

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Armenia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-05 08:00 AM Nov 8.8% 9.5% 9.2%
2023-01-10 08:00 AM Dec 8.3% 8.8% 10.2%
2023-02-07 08:00 AM Jan 8.3%


Related Last Previous Unit Reference
Inflation Rate 8.30 8.80 percent Dec 2022
Consumer Price Index CPI 155.01 153.08 points Nov 2022
Producer Prices 100.80 100.70 points Nov 2022
Food Inflation 10.00 11.10 percent Dec 2022
Inflation Rate MoM 1.10 1.10 percent Dec 2022
Producer Prices Change -2.10 -2.90 percent Nov 2022
Import Prices 99.00 96.60 points Oct 2022
Export Prices 100.30 105.50 points Oct 2022

Armenia Inflation Rate
In Armenia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (38 percent of total weight). Housing and Utilities accounts for 16 percent; Transport for 10 percent; Health for 9 percent; and Miscellaneous Goods and Services for 6 percent. Alcoholic Beverages and Tobacco; Clothing and Footwear; Furnishings Household Equipment and Routine Household Maintenance; Communication; Recreation and Culture; Education and Restaurants and Hotels account for the remaining 22 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
8.30 8.80 22887.40 -5.52 1993 - 2022 percent Monthly

News Stream
Armenia Inflation Rate Eases Further in December
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 in November) 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.
2023-01-10
Armenia Inflation Rate at 7-Month Low
Armenia’s annual inflation rate slowed to 8.8% in November of 2022, the lowest reading since April of 2022, and from 9.5% in the previous month. Costs rose at softer pace for food & non-alcoholic beverages (11.1% vs 12.5%), clothing & footwear (7.5% vs 8.7%), and recreation & culture (10.6% vs 14.1%). Meanwhile, housing & utilities inflation accelerated (8% vs 7.8%). On a monthly basis, consumer prices increased 1.1%, from 0.3% growth in the previous month. Considering January to November, consumer prices rose 8.7% compared to the same period a year earlier.
2022-12-05
Armenia Inflation Rate Slows in October
Armenia’s annual inflation rate slowed to 9.5% in October of 2022 from 9.9% in the previous month. Prices eased mostly for food & non-alcoholic beverages (12.5% vs 13.7% in September), clothing and footwear (8.7% vs 10%), and recreation and culture (14.1% vs 15.5%). Meanwhile, prices climbed at a faster pace for housing and utilities (7.8% vs 7.6%). On a monthly basis, consumer prices increased 0.3%, following a 0.6% gain in the prior month. Considering the first 10 months of the year, consumer prices rose 8.7% compared to the same period a year earlier.
2022-11-03