The annual inflation rate in Armenia rose to 1.6 percent in November of 2020 from 1.3 percent in the prior month. Main upward pressure came from prices of alcoholic beverages & tobacco (10.2 percent vs 9.7 percent in October); health (2.8 percent vs 2.5 percent); transport (2 percent vs 1.1 percent) and furnishings (2.3 percent vs 1.7 percent). On a monthly basis, consumer prices went up 1.3 percent, following a 0.5 percent increase in the previous month. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia averaged 573.48 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 December of 2020.

Inflation Rate in Armenia is expected to be 1.10 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 3.00 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.90 percent in 2021 and 3.50 percent in 2022, according to our econometric models.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.30 22887.40 -5.52 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-03 08:00 AM Aug 1.8% 1.5% 1.9%
2020-10-05 08:00 AM Sep 1.4% 1.8% 2.1%
2020-11-04 08:00 AM Oct 1.3% 1.4% 1.3%
2020-12-03 07:55 AM Nov 1.6% 1.3% 1.1%
2021-01-13 02:00 PM Dec 1.6%
2021-02-05 08:00 AM Jan
2021-03-04 09:00 AM Feb
2021-04-03 08:00 AM Mar


News Stream
Armenia Inflation Rate Rises to 1.6% in November
The annual inflation rate in Armenia rose to 1.6 percent in November of 2020 from 1.3 percent in the prior month. Main upward pressure came from prices of alcoholic beverages & tobacco (10.2 percent vs 9.7 percent in October); health (2.8 percent vs 2.5 percent); transport (2 percent vs 1.1 percent) and furnishings (2.3 percent vs 1.7 percent). On a monthly basis, consumer prices went up 1.3 percent, following a 0.5 percent increase in the previous month.
2020-12-03
Armenia October Inflation Rate at 5-Month Low of 1.3%
The annual inflation rate in Armenia dropped to 1.3 percent in October of 2020 from 1.4 percent in the previous month, reaching its lowest level since May. Prices slowed mostly for food & non-alcoholic beverages (0.6 percent vs 0.8 percent in September); housing & utilities (0.3 percent vs 0.7 percent) and recreation & culture (1.1 percent vs 3.5 percent). Meanwhile, transport cost rebounded (1.1 percent vs -0.4 percent). On a monthly basis, consumer prices were up 0.5 percent, after decreasing 0.2 percent in the prior month.
2020-11-04
Armenia Inflation Rate Drops to 1.4% in September
The annual inflation rate in Armenia fell to 1.4 percent in September 2020 from 1.8 percent in the previous month. Prices slowed for food & non-alcoholic beverages (0.8 percent from 1.6 percent in August); housing & utilities (0.7 percent from 1 percent); recreation & culture (3.5 percent from 5.5 percent); education (2 percent from 3.6 percent); and alcoholic beverages & tobacco (9.8 percent from 10.1 percent). On the other hand, cost of transport dropped less (-0.4 percent vs -1.7 percent); while inflation was steady for miscellaneous goods & services (at 4.2 percent). On a monthly basis, consumer prices went down 0.2 percent, following a 0.1 percent drop in August.
2020-10-05
Armenia Inflation Rate Rises to 1.8%
Annual inflation rate in Armenia increased to 1.8 percent in August of 2020 from 1.5 percent in July. It is the highest reading since June of 2019. Biggest increases were seen in prices of alcoholic beverages and tobacco (10.1 percent), recreation and culture (5.5 percent), miscellaneous goods and services (4.2 percent), education (3.6 percent) and health (2.3 percent. Food inflation was 1.6 percent and housing and utilities 1 percent. Transportation prices were down 1.7 percent. On a monthly basis, consumer prices fell 0.1 percent.
2020-09-03

Armenia Inflation Rate
In Armenia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.