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%. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia increased to 4.50 percent in March from 4.30 percent in February of 2026. Inflation Rate in Armenia averaged 479.58 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 April of 2026.

Inflation Rate in Armenia increased to 4.50 percent in March from 4.30 percent in February of 2026. Inflation Rate in Armenia is expected to be 3.80 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
2026-03-04 08:00 AM
Inflation Rate YoY
Feb 4.3% 3.8% 3.9%
2026-04-03 08:00 AM
Inflation Rate YoY
Mar 4.5% 4.3% 4.7%
2026-05-06 08:00 AM
Inflation Rate YoY
Apr 4.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 168.97 167.80 points Mar 2026
Export Prices 107.30 105.20 points Feb 2026
Food Inflation 7.80 6.50 percent Mar 2026
Import Prices 104.70 105.90 points Feb 2026
Inflation Rate YoY 4.50 4.30 percent Mar 2026
Inflation Rate MoM 0.70 0.50 percent Mar 2026
Producer Prices 137.80 136.00 points Feb 2026
PPI YoY 9.50 8.60 percent Feb 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
4.50 4.30 22887.40 -5.52 1993 - 2026 percent Monthly

News Stream
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
Armenia Inflation Rate Rises to 9-Month High
Armenia’s annual inflation rate rose to 4.3% in February 2026 from 3.8% in the previous month, marking the highest reading since May 2025. Prices increased for food and non-alcoholic beverages (6.5% vs 5.9% in January), alcoholic beverages and tobacco (10.3% vs 9.0%), clothing and footwear (0.6% vs 0.3%), health (4.5% vs 3%), restaurants and hotels (4.0% vs 3.2%), and miscellaneous goods and services (2.6% vs 2.2%). At the same time, costs rebounded for housing and utilities (0.5% vs -0.1%), while remaining steady for education (8.3%). Conversely, prices declined for furnishing and household equipment (-0.1% vs 0.7%) and recreation and culture (-0.4% vs 0.2%), while inflation moderated for transport (3.6% vs 4.3%) and communication (0.3% vs 0.6%). On a monthly basis, consumer prices eased to 0.5% in February, following a 2.0% gain in the prior month.
2026-03-04
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