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.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.90 6.20 22887.40 -5.52 1993 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-03 08:00 AM Feb 5.3% 4.5% 5.1%
2021-04-05 08:00 AM Mar 5.8% 5.3% 5.7%
2021-05-05 08:00 AM Apr 6.2% 5.8% 5.6%
2021-06-03 08:00 AM May 5.9% 6.2% 6.3%
2021-07-06 08:00 AM Jun 5.9%
2021-08-04 08:00 AM Jul
2021-09-03 08:00 AM Aug
2021-10-05 08:00 AM Sep


News Stream
Armenia Consumer Price Inflation Slows in May
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.
2021-06-03
Armenia April Inflation Rate Hits 6-Year High
The annual inflation rate in Armenia rose for the sixth straight month to 6.2 percent in April of 2021, its highest level since April of 2015. Main upward pressure came from prices of food and non-alcoholic beverages (8.3 percent vs 7.4 percent in March), transport (10.7 percent vs 8.9 percent), furnishings (9.6 percent vs 8.8 percent) and recreation and culture (2.8 percent vs 1.2 percent). Meanwhile, inflation slowed for alcoholic beverages, tobacco (8.8 percent vs 9.2 percent), clothing and footwear (3.2 percent vs 6.9 percent) and health (6.5 percent vs 6.6 percent). On a monthly basis, consumer prices grew by 1.3 percent, speeding up from a 1 percent rise in the prior month.
2021-05-05
Armenia Inflation Rate at New Near 6-Year High
The annual inflation rate in Armenia rose for the fifth straight month to 5.3 percent in February of 2021, its highest level since April of 2015. Main upward pressure came from prices of clothing & footwear (6.9 percent vs 5.2 percent in February), transport (8.9 percent vs 7.2 percent), furnishings (8.8 percent vs 6.9 percent) and health (6.6 percent vs 5.6 percent). Meanwhile, inflation slowed for food and non- alcoholic beverages (7.4 percent vs 7.8 percent) and housing and utilities (1.5 percent vs 0.6 percent). On a monthly basis, consumer prices grew by 1.1 percent, speeding up from a 0.6 percent rise in the prior month.
2021-04-05
Armenia February Inflation Rate at Near 6-Year High
The annual inflation rate in Armenia rose for the fourth straight month to 5.3 percent in February of 2021, its highest level since June of 2015. Main upward pressure came from prices of food & non-alcoholic beverages (7.8 percent vs 6.4 percent in January); transport (7.2 percent vs 5.7 percent); furnishings (6.9 percent vs 5.8 percent) and health (5.6 percent, the same pace as in January). Meanwhile, costs slowed for alcoholic beverages & tobacco (8.7 percent vs 10.8 percent). On a monthly basis, consumer prices were up 0.6 percent, decelerating from a 2.2 percent rise in the prior month.
2021-03-03

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.