Armenia’s annual inflation rate rose to 3.8% in January 2026 from 3.3% in the previous month, marking the highest reading since June 2025. Prices increased for food and non-alcoholic beverages (5.9% vs 4.3% in December 2025), health (3% vs 2.5%), alcoholic beverages and tobacco (9% vs 7.3%), furnishing and household equipment (0.7% vs 0.2%), and restaurants and hotels (3.2% vs 2.9%). At the same time, costs remained steady for clothing and footwear (0.3%), and education (8.3%). Conversely, prices declined for housing and utilities (-0.1% vs 0.3%), while inflation eased for transport (4.3% vs 6.2%), miscellaneous goods and services (2.2% vs 2.8%), communication (0.5% vs 0.6%), and recreation and culture (0.2% vs 0.9%). On a monthly basis, consumer prices increased by 2% in January, following a 1.2% gain in the prior month. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia increased to 3.80 percent in January from 3.30 percent in December of 2025. Inflation Rate in Armenia averaged 482.04 percent from 1993 until 2026, 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 February of 2026.

Inflation Rate in Armenia increased to 3.80 percent in January from 3.30 percent in December of 2025. Inflation Rate in Armenia is expected to be 3.70 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 4.20 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-12 08:00 AM
Inflation Rate YoY
Dec 3.3% 3.1% 2.8%
2026-02-06 08:00 AM
Inflation Rate YoY
Jan 3.8% 3.3% 3.4%
2026-03-04 08:00 AM
Inflation Rate YoY
Feb 3.8%


Related Last Previous Unit Reference
Consumer Price Index CPI 166.96 163.69 points Jan 2026
Export Prices 98.80 86.50 points Dec 2025
Food Inflation 5.90 4.30 percent Jan 2026
Import Prices 100.20 105.00 points Dec 2025
Inflation Rate YoY 3.80 3.30 percent Jan 2026
Inflation Rate MoM 2.00 1.20 percent Jan 2026
Producer Prices 133.30 131.70 points Dec 2025
PPI YoY 6.50 6.20 percent Dec 2025


Armenia Inflation Rate
In Armenia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (38 percent of total weight). Housing and Utilities accounts for 16 percent; Transport for 10 percent; Health for 9 percent; and Miscellaneous Goods and Services for 6 percent. Alcoholic Beverages and Tobacco; Clothing and Footwear; Furnishings Household Equipment and Routine Household Maintenance; Communication; Recreation and Culture; Education and Restaurants and Hotels account for the remaining 22 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.80 3.30 22887.40 -5.52 1993 - 2026 percent Monthly

News Stream
Armenia Inflation Rate Hits 7-Month High
Armenia’s annual inflation rate rose to 3.8% in January 2026 from 3.3% in the previous month, marking the highest reading since June 2025. Prices increased for food and non-alcoholic beverages (5.9% vs 4.3% in December 2025), health (3% vs 2.5%), alcoholic beverages and tobacco (9% vs 7.3%), furnishing and household equipment (0.7% vs 0.2%), and restaurants and hotels (3.2% vs 2.9%). At the same time, costs remained steady for clothing and footwear (0.3%), and education (8.3%). Conversely, prices declined for housing and utilities (-0.1% vs 0.3%), while inflation eased for transport (4.3% vs 6.2%), miscellaneous goods and services (2.2% vs 2.8%), communication (0.5% vs 0.6%), and recreation and culture (0.2% vs 0.9%). On a monthly basis, consumer prices increased by 2% in January, following a 1.2% gain in the prior month.
2026-02-06
Armenia Inflation Edges Higher in December
The annual inflation rate in Armenia edged up to 3.3% in December 2025 from 3.1% in the previous month. Prices increased at a faster pace for food and non-alcoholic beverages (4.3% vs 3.8% in November), alcoholic beverages and tobacco (7.3% vs 6.7%), transport (6.2% vs 5%), restaurants and hotels (2.9% vs 2.7%), and miscellaneous goods and services (2.8% vs 2.4%). At the same time, prices in clothing and footwear rebounded (0.3% vs -0.2%), while costs remained steady for communication (0.6%) and education (8.3%). Meanwhile, inflation eased for housing and utilities (0.3% vs 0.6%), furnishings and household equipment (0.2% vs 1.0%), health (2.5% vs 3%), and recreation and culture (0.9% vs 2.5%). On a monthly basis, consumer prices rose by 1.2% in December from 0.6% in the previous month.
2026-01-12
Armenia Inflation Rate at 9-Month Low
The annual consumer inflation rate in Armenia rose by 3.1% in November 2025, easing from 3.7% in the previous month, marking the lowest reading since February. Price growth slowed for food and non-alcoholic beverages (3.8% vs 5.6% in October), alcoholic beverages and tobacco (6.7% vs 6.8%), health (3% vs 3.5%), and communication (0.6% vs 0.7%). On the other hand, costs increased for furnishings and household equipment (1% vs 0.9%), transport (5% vs 4.9%), recreation and culture (2.5% vs 2.4%), restaurants and hotels (2.7% vs 2.1%), and miscellaneous goods and services (2.4% vs 1.8%), while prices declined softer for clothing and footwear (-0.2% vs -0.9%). On a monthly basis, consumer prices grew by 0.6% in November from 0.3% in the previous two months.
2025-12-03