The annual inflation rate in Armenia eased to 4.2% year-on-year in May 2026, the lowest level since January, from a 3-year high of 5.3% in the previous month. Prices slowed for food and non-alcoholic beverages (6.4% vs 9.5% in April), health (3.7% vs 4.2%), furnishings, household equipment, and routine maintenance (0.4% vs 1.0%), and restaurants and hotels (3.8% vs 4.2%). Conversely, price growth continued for clothing and footwear (1.8% vs 1.7%), housing and utilities (1.1% vs 0.5%), transport (3.2% vs 2.0%), and miscellaneous goods and services (2.9% vs 2.8%), while recreation and culture rebounded (1.6% vs -0.3%). Meanwhile, costs were steady for alcoholic beverages and tobacco (7.7%), communication (1.2%), and education (8.3%). On a monthly basis, consumer prices fell 0.8% in May, reversing a 1.3% increase in the previous month and marking the lowest reading since July 2025. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia decreased to 4.20 percent in May from 5.30 percent in April of 2026. Inflation Rate in Armenia averaged 477.15 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 June of 2026.

Inflation Rate in Armenia decreased to 4.20 percent in May from 5.30 percent in April of 2026. Inflation Rate in Armenia is expected to be 6.20 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
2026-05-07 08:00 AM
Inflation Rate YoY
Apr 5.3% 4.5% 4.7%
2026-06-03 08:00 AM
Inflation Rate YoY
May 4.2% 5.3% 5.8%
2026-07-03 08:00 AM
Inflation Rate YoY
Jun 4.2% 6.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 169.33 170.69 points May 2026
Export Prices 97.20 107.50 points Mar 2026
Food Inflation 6.40 9.50 percent May 2026
Import Prices 100.50 104.40 points Mar 2026
Inflation Rate YoY 4.20 5.30 percent May 2026
Inflation Rate MoM -0.80 1.30 percent May 2026
Producer Prices 137.00 137.90 points Apr 2026
PPI YoY 7.90 9.50 percent Apr 2026


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
4.20 5.30 22887.40 -5.52 1993 - 2026 percent Monthly

News Stream
Armenia Inflation Slows to 4-Month Low
The annual inflation rate in Armenia eased to 4.2% year-on-year in May 2026, the lowest level since January, from a 3-year high of 5.3% in the previous month. Prices slowed for food and non-alcoholic beverages (6.4% vs 9.5% in April), health (3.7% vs 4.2%), furnishings, household equipment, and routine maintenance (0.4% vs 1.0%), and restaurants and hotels (3.8% vs 4.2%). Conversely, price growth continued for clothing and footwear (1.8% vs 1.7%), housing and utilities (1.1% vs 0.5%), transport (3.2% vs 2.0%), and miscellaneous goods and services (2.9% vs 2.8%), while recreation and culture rebounded (1.6% vs -0.3%). Meanwhile, costs were steady for alcoholic beverages and tobacco (7.7%), communication (1.2%), and education (8.3%). On a monthly basis, consumer prices fell 0.8% in May, reversing a 1.3% increase in the previous month and marking the lowest reading since July 2025.
2026-06-03
Armenia Inflation Remains at 3-Year High
The annual inflation rate in Armenia climbed to 5.3% year-on-year in April 2026 from 4.5% in the previous month. This marked the highest reading since March 2023, driven by stronger price growth for food and non-alcoholic beverages (9.5% vs 7.8% in March), and a rebound in housing and utilities (0.5% vs -0.3%). Inflation also picked up for miscellaneous goods and services (2.8% vs 2.4%), clothing and footwear (1.7% vs 1%), furnishings, household equipment, and routine household maintenance (1% vs 0.6%), and communication (1.2% vs 0.7%). At the same time, inflation remained unchanged for education at 8.3%, while deflation in recreation and culture eased to 0.3% from 0.7%. In contrast, price growth moderated for alcoholic beverages and tobacco (7.7% vs 8.6%), health (4.2% vs 4.5%), transport (2% vs 2.1%), and restaurants and hotels (4.2% vs 4.3%). On a monthly basis, consumer prices rose 1.3% in April, following a 0.7% increase in March.
2026-05-07
Armenia Inflation Rate Reaches 3-Year High
The annual inflation rate in Armenia accelerated for a fourth consecutive month to 4.5% in March 2026, the highest since March 2023, from 4.3% in the previous month. Prices increased at a faster pace for food and non-alcoholic beverages (7.8% vs 6.5%), clothing and footwear (1% vs 0.6%), restaurants and hotels (4.3% vs 4%), and communication (0.7% vs 0.3%) and rebounded for furnishing and household equipment (0.6% vs -0.1%). On the other ahdn, a slowdown was seen in cost for alcoholic beverages and tobacco (6.8% vs 10.3%), miscellaneous goods and services (2.4% vs 2.6%) and transport (2.1% vs 3.6%) and inflation steadied for health (4.5%) and education (8.3%). Prices went down for housing and utilities (-0.3% vs 0.5%) and recreation and culture (-0.7% vs -0.4%). Compared to the previous month, the CPI rose 0.7%.
2026-04-03