Annual inflation rate in Armenia increased to 2.2 percent in April of 2019 from 1.9 percent in the previous month. It was the highest inflation rate since October of 2018, as cost rose faster for food and non-alcoholic beverages (3.9 percent from 3.4 percent in March); clothing & footwear (3.7 percent from 3.1 percent) and health (2.3 percent from 1.6 percent). Also, prices went up for housing and utilities (0.2 percent from a flat reading in March) and cost fell at a softer pace for transport (-0.5 percent from -0.8 percent) and recreation & culture (-2.3 percent from -3.1). Meantime, prices slowed for alcoholic beverages & tobacco (4.3 percent from 4.4 percent); restaurants and hotels (1.9 percent from 2.7 percent) and miscellaneous goods and services (0.4 percent from 1 percent). On a monthly basis, consumer prices decreased 0.1 percent, after a 0.1 percent gain in March. Inflation Rate in Armenia averaged 609.13 percent from 1993 until 2019, 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.
Inflation Rate in Armenia is expected to be 2.80 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 2.50 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.