Armenia’s annual inflation rate eased to 5.9 percent in May of 2021 from a 6-year high of 6.2 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (7.5 percent) and transportation (11.7 percent). Additionally, prices also went up in furnishings, household equipment & routine maintenance of the house (9.3 percent); alcoholic beverages & tobacco (8.7 percent); health (6.2 percent); clothing & footwear (5.9 percent); and miscellaneous goods & services (4.6 percent). On a monthly basis, consumer prices edged lower by 0.4 percent, following a 1.3 percent increase in the previous month. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 563.14 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 June of 2021.
Inflation Rate in Armenia is expected to be 8.50 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 7.00 in 12 months time. 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.