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.