Armenia’s annual inflation rate eased to 9.3% in July of 2022 from an over eleven-year high of 10.3% in the previous month. Prices slowed mostly for food & non-alcoholic beverages (13.5% vs 17.1% in June) and recreation & culture (14.3% vs 14.7%). On the other hand, costs climbed further for clothing & footwear (10.9% vs 10.5%); furnishings (9.1% vs 7.1%); miscellaneous goods & services (9% vs 7.2%) and restaurants & hotels (7.5% vs 6.8%). On a monthly basis, consumer prices decreased by 1.4%, following a 0.3% increase in the previous month. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia averaged 540.57 percent from 1993 until 2022, 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 August of 2022.

Inflation Rate in Armenia is expected to be 8.70 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 4.00 percent in 2023, according to our econometric models.

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Armenia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-06 08:00 AM Jun 10.3% 9% 9.2%
2022-08-03 08:00 AM Jul 9.3% 10.3% 11.2%
2022-09-02 08:00 AM Aug 9.3%


Related Last Previous Unit Reference
Inflation Rate 9.30 10.30 percent Jul 2022
Consumer Price Index CPI 153.98 153.47 points Jun 2022
Producer Prices 96.90 97.60 points May 2022
Producer Prices Change -1.20 5.00 percent Jun 2022
Inflation Rate Mom 0.33 0.13 percent Jun 2022
Food Inflation 17.10 14.50 percent Jun 2022
Import Prices 107.40 98.00 points Mar 2022
Export Prices 99.60 100.80 points Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.30 10.30 22887.40 -5.52 1993 - 2022 percent Monthly

News Stream
Armenia Inflation Rate Slows in July
Armenia’s annual inflation rate eased to 9.3% in July of 2022 from an over eleven-year high of 10.3% in the previous month. Prices slowed mostly for food & non-alcoholic beverages (13.5% vs 17.1% in June) and recreation & culture (14.3% vs 14.7%). On the other hand, costs climbed further for clothing & footwear (10.9% vs 10.5%); furnishings (9.1% vs 7.1%); miscellaneous goods & services (9% vs 7.2%) and restaurants & hotels (7.5% vs 6.8%). On a monthly basis, consumer prices decreased by 1.4%, following a 0.3% increase in the previous month.
2022-08-04
Armenia Inflation Rate Picks Up to Over 11-Year High
Armenia’s annual inflation rate quickened to an over eleven-year high of 10.3% in June of 2022, from 9% in the previous month. Prices continued to accelerate across the board, primarily for food & non-alcoholic beverages (17.1% vs 14.5% in May); recreation & culture (14.7% vs 13.3%), clothing & footwear (10.5% vs 8.4%); transport (9.2% vs 8.6%) and restaurants & hotels (6.8% vs 5.6%). On a monthly basis, consumer prices were up 0.3%, after increasing 0.1% in the previous month.
2022-07-06
Armenia May Inflation Rate Accelerates to 6-Month High
Armenia’s annual inflation rate quickened to a six-month high of 9% in May of 2022, from 8.4% in the previous month. Upward pressure came primarily from prices of food & non-alcoholic beverages (14.5% vs. 14.3% in March); recreation & culture (13.3% vs. 12.4% ); clothing & footwear (8.4% vs. 8.1%); alcoholic beverages & tobacco (7.7% vs. 7.3%) and transport (8.6% vs. 6.9%). However, a few categories registered a minuscule rise: healthcare (0.8% vs. 0.7%) and communications (0.4% vs. 0.2%). On a monthly basis, consumer prices cooled off to 0.1% from a 2.3% increase in the preceding month.
2022-06-03