The annual inflation rate in Armenia eased to 4.3% in September 2026 from 4.4% in the previous month, marking the lowest level since May. Price growth moderated in several categories, including food and non-alcoholic beverages (6.2% vs 6.4% in August), health (3.3% vs 3.5%), miscellaneous goods and services (2.9% vs 3.5%), furnishings, household equipment and routine household maintenance (2.2% vs 2.5%), communication (0.2% vs 0.6%), and education (3.2% vs 8.3%). Meanwhile, costs rose for housing and utilities (2.1% vs 1.4%), transport (2.8% vs 2.4%), clothing and footwear (4.6% vs 3.6%), and restaurants and hotels (5.4% vs 5.0%), while costs for recreation and culture increased 0.8% after being flat in August, and inflation remained steady for alcoholic beverages and tobacco at 7.5%. On a monthly basis, consumer prices increased 0.2% in September, unchanged from the previous month. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia decreased to 4.30 percent in September from 4.40 percent in August of 2026. Inflation Rate in Armenia averaged 472.35 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 October of 2026.

Inflation Rate in Armenia decreased to 4.30 percent in September from 4.40 percent in August of 2026. Inflation Rate in Armenia is expected to be 4.80 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
2026-09-03 08:30 AM
Inflation Rate YoY
Aug 4.4% 4.5% 4.4%
2026-10-05 08:00 AM
Inflation Rate YoY
Sep 4.3% 4.4% 4.9%
2026-11-04 08:00 AM
Inflation Rate YoY
Oct 4.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 167.25 166.92 points Sep 2026
Export Prices 100.60 98.50 points Jul 2026
Food Inflation 6.20 6.40 percent Sep 2026
Import Prices 96.10 99.40 points Jul 2026
Inflation Rate YoY 4.30 4.40 percent Sep 2026
Inflation Rate MoM 0.20 0.20 percent Sep 2026
Producer Prices 139.80 140.10 points Aug 2026
PPI YoY 8.90 8.50 percent Aug 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
4.30 4.40 22887.40 -5.52 1993 - 2026 percent Monthly

News Stream
Armenia Inflation Rate at 4-Month Low
The annual inflation rate in Armenia eased to 4.3% in September 2026 from 4.4% in the previous month, marking the lowest level since May. Price growth moderated in several categories, including food and non-alcoholic beverages (6.2% vs 6.4% in August), health (3.3% vs 3.5%), miscellaneous goods and services (2.9% vs 3.5%), furnishings, household equipment and routine household maintenance (2.2% vs 2.5%), communication (0.2% vs 0.6%), and education (3.2% vs 8.3%). Meanwhile, costs rose for housing and utilities (2.1% vs 1.4%), transport (2.8% vs 2.4%), clothing and footwear (4.6% vs 3.6%), and restaurants and hotels (5.4% vs 5.0%), while costs for recreation and culture increased 0.8% after being flat in August, and inflation remained steady for alcoholic beverages and tobacco at 7.5%. On a monthly basis, consumer prices increased 0.2% in September, unchanged from the previous month.
2026-10-05
Armenia Inflation Rate at 3-Month Low
The annual inflation rate in Armenia eased to 4.4% in August 2026 from 4.5% in the previous month, marking the lowest level since May. Price growth moderated for several categories, including food and non-alcoholic beverages (6.4% vs 7.4% in July), clothing and footwear (3.6% vs 3.9%), furnishings, household equipment and maintenance (2.5% vs 2.7%), and communication (0.6% vs 1.1%), while recreation and culture prices were unchanged after rising 0.1% in July. Meanwhile, prices increased faster for housing and utilities (1.4% vs 0.9%), health (3.5% vs 3.3%), miscellaneous goods and services (3.5% vs 3.3%), and restaurants and hotels (5% vs 4.9%). Transport costs also rebounded 2.4% after falling 1.2% in the previous month. Inflation held steady for alcoholic beverages and tobacco (7.5%) and education (8.3%). On a monthly basis, consumer prices edged up 0.2% in August, rebounding from a 1.4% decline in July and returning to inflation after three straight months of deflation.
2026-09-03
Armenia Inflation Eases in July
The annual inflation rate in Armenia eased to 4.5% in July 2026 from 5.1% in the previous month. Price growth moderated for housing and utilities (0.9% vs 1.2%), health (3.3% vs 3.5%), recreation and culture (0.1% vs 0.9%), and food and non-alcoholic beverages (7.4% vs 8.6%), while transport prices declined 1.2% after rising 1.6% in June. Meanwhile, inflation accelerated for miscellaneous goods and services (3.3% vs 2.4%), clothing and footwear (3.9% vs 3.0%), furnishings, household equipment, and routine household maintenance (2.7% vs 1.8%), and restaurants and hotels (4.9% vs 4.1%). At the same time, inflation was unchanged for alcoholic beverages and tobacco (7.5%), communication (1.1%), and education (8.3%). On a monthly basis, consumer prices fell 1.4% in July, following a 0.5% decline in June, marking a third consecutive month of deflation after nine straight months of increases.
2026-08-05