The annual inflation rate in Armenia eased to 1.5 percent in July of 2020 from 1.7 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (1.2 percent vs 2 percent in June) and clothing & footwear (1.8 percent vs 2 percent). Meantime, inflation remained steady for housing & utilities (at 1.1 percent) and education (at 3.6 percent) while transport prices continued to fall (-3.6 percent vs -3.8 percent). On the other hand, cost rose markedly for recreation & culture (5.5 percent vs 2.1 percent). On a monthly basis, consumer prices declined 2.1 percent, after falling 1.4 percent in the previous month.
Inflation Rate in Armenia averaged 580.63 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 August of 2020.
Inflation Rate in Armenia is expected to be 1.30 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 1.80 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.50 percent in 2021 and 3.50 percent in 2022, according to our econometric models.