Annual inflation rate in Armenia remained unchanged at 8.1 percent in February 2023, as prices rose at a slower pace for transport (2.2 percent vs 4.4 percent in January), housing & utilities (7.5 percent vs 7.6 percent), and restaurants & hotels (9.4 percent vs 9.6 percent). Meanwhile, faster increases were seen for food & non-alcoholic beverages (9.8 percent vs 9.4) and clothing & footwear (7.7 percent vs 7.4 percent). On a monthly basis, the CPI eased to 0.1 percent in February, from 1.4 percent in the previous month. source: National Statistical Service of the Republic of Armenia
Inflation Rate in Armenia averaged 529.96 percent from 1993 until 2023, 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 March of 2023.
Inflation Rate in Armenia is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.