Annual inflation rate in Armenia increased to 1.8 percent in August of 2020 from 1.5 percent in July. It is the highest reading since June of 2019. Biggest increases were seen in prices of alcoholic beverages and tobacco (10.1 percent), recreation and culture (5.5 percent), miscellaneous goods and services (4.2 percent), education (3.6 percent) and health (2.3 percent. Food inflation was 1.6 percent and housing and utilities 1 percent. Transportation prices were down 1.7 percent. On a monthly basis, consumer prices fell 0.1 percent.

Inflation Rate in Armenia averaged 578.82 percent from 1993 until 2020, 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 September of 2020.

Inflation Rate in Armenia is expected to be 2.10 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 1.80 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.

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Armenia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.50 22887.40 -5.52 1993 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-03 08:00 AM May 1.2% 0.9% 0.9%
2020-07-03 08:00 AM Jun 1.7% 1.2% 1%
2020-08-05 08:00 AM Jul 1.5% 1.7% 3.5%
2020-09-03 08:00 AM Aug 1.8% 1.5% 1.9%
2020-10-05 08:00 AM Sep 1.8% 2.1%
2020-11-04 08:00 AM Oct 2.4%
2020-12-03 08:00 AM Nov 1.7%


News Stream
Armenia Inflation Rate Rises to 1.8%
Annual inflation rate in Armenia increased to 1.8 percent in August of 2020 from 1.5 percent in July. It is the highest reading since June of 2019. Biggest increases were seen in prices of alcoholic beverages and tobacco (10.1 percent), recreation and culture (5.5 percent), miscellaneous goods and services (4.2 percent), education (3.6 percent) and health (2.3 percent. Food inflation was 1.6 percent and housing and utilities 1 percent. Transportation prices were down 1.7 percent. On a monthly basis, consumer prices fell 0.1 percent.
2020-09-03
Armenia Inflation Rate Edges Down to 1.5% in July
The annual inflation rate in Armenia eased to 1.5 percent in July of 2020 from 1.7 percent in the previous month. Prices slowed mostly for food & non-alcoholic beverages (1.2 percent vs 2 percent in June) and clothing & footwear (1.8 percent vs 2 percent). Meantime, inflation remained steady for housing & utilities (at 1.1 percent) and education (at 3.6 percent) while transport prices continued to fall (-3.6 percent vs -3.8 percent). On the other hand, cost rose markedly for recreation & culture (5.5 percent vs 2.1 percent). On a monthly basis, consumer prices declined 2.1 percent, after falling 1.4 percent in the previous month.
2020-08-05
Armenia Inflation Rate Nears 1-Year High of 1.7%
The annual inflation rate in Armenia increased to 1.7 percent in June of 2020 from 1.2 percent in the previous month. It was the highest inflation rate since July of 2019, mainly due to higher prices of food, beverages & tobacco (2 percent vs 1 percent in May). Meantime, housing & utilities inflation was steady at 1.1 percent while transport cost fell further (-3.8 percent vs -3.7 percent). On a monthly basis, consumer prices fell 1.4 percent, after a 0.1 percent drop in May.
2020-07-03
Armenia Inflation Rate Rises to 10-Month High of 1.2%
The annual inflation rate in Armenia increased to 1.2 percent year-on-year in May of 2020 from 0.9 percent in the previous month. It was the highest inflation rate since July of 2019, mainly due to a rebound in prices of food, beverages & tobacco (1 percent vs -0.3 percent in April). Meantime, housing & utilities inflation was steady at 1.1 percent while transport cost fell further (-3.7 percent vs -0.9 percent). On a monthly basis, consumer prices went down 0.1 percent, after a 0.9 percent gain in April.
2020-06-03

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.