The annual inflation rate in Armenia edged up to 9.1 percent in October of 2021 from 8.9 percent in the previous month, reaching the highest rate since August of 2013. Inflation quickened for food & non-alcoholic beverages (16 percent vs 15.4 percent in September); recreation & culture (7.4 percent vs 2.7 percent); alcoholic beverages & tobacco (9.7 percent vs 9.3 percent); and restaurants & hotels (3.4 percent vs 2.6 percent). On the other hand, inflation slowed for transport (8.4 percent vs 8.8 percent); housing & utilities (1.5 percent vs 1.6 percent); clothing & footwear (11.7 percent vs 12.4 percent); furnishings (9.3 percent vs 9.9 percent); health (4.7 percent vs 5.1 percent); and miscellaneous goods & services (4.4 percent vs 4.6 percent). On a monthly basis, consumer prices edged up 0.7 percent, after a 0.1 percent downtick in September. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 554.86 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 November of 2021.
Inflation Rate in Armenia is expected to be 10.00 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.