Consumer prices in Armenia declined 0.2% year-on-year in August 2023, from a 0.1% drop in the previous month. It was the third consecutive month of deflation, as prices fell faster for food & non-alcoholic beverages (-4.0% vs -3.9% in July) and slowed for housing & utilities (1.4% vs 1.6%), furnishing, household equipment & routine maintenance of the house (4.4% vs 5.4%) and health (2.1% vs 2.6%). Costs also decelerated for recreation & culture (1.5% vs 2.7%), restaurants & hotels (5.4% vs 5.5%) and miscellaneous goods & services (3.5% vs 5.1%). Meanwhile, prices rose at a faster pace for alcoholic beverages & tobacco (8.6% vs 8.5%), clothing & footwear (5.2% vs 4.8%) and transportation (0.7% vs -1.7%). On a monthly basis, consumer prices rose 0.1% in August, from a 1% decrease in the prior month. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia averaged 521.08 percent from 1993 until 2023, 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 2023.

Inflation Rate in Armenia is expected to be -0.50 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 5.00 percent in 2024 and 5.10 percent in 2025, according to our econometric models.

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Armenia Inflation Rate



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-08-03 08:00 AM Jul -0.1% -0.5% -0.7%
2023-09-05 08:00 AM Aug -0.2% -0.1% 0.4%
2023-10-04 08:00 AM Sep -0.5%


Related Last Unit Reference
Inflation Rate -0.20 percent Aug 2023
Consumer Price Index CPI 151.71 points Aug 2023
Producer Prices 100.10 points Jul 2023
Food Inflation -4.00 percent Aug 2023
Inflation Rate MoM 0.12 percent Aug 2023
Producer Prices Change 6.90 percent Jul 2023
Import Prices 98.80 points Jul 2023
Export Prices 101.40 points Jul 2023

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
-0.20 -0.10 22887.40 -5.52 1993 - 2023 percent Monthly

News Stream
Armenia Consumer Prices Decline For Third Consecutive Month
Consumer prices in Armenia declined 0.2% year-on-year in August 2023, from a 0.1% drop in the previous month. It was the third consecutive month of deflation, as prices fell faster for food & non-alcoholic beverages (-4.0% vs -3.9% in July) and slowed for housing & utilities (1.4% vs 1.6%), furnishing, household equipment & routine maintenance of the house (4.4% vs 5.4%) and health (2.1% vs 2.6%). Costs also decelerated for recreation & culture (1.5% vs 2.7%), restaurants & hotels (5.4% vs 5.5%) and miscellaneous goods & services (3.5% vs 5.1%). Meanwhile, prices rose at a faster pace for alcoholic beverages & tobacco (8.6% vs 8.5%), clothing & footwear (5.2% vs 4.8%) and transportation (0.7% vs -1.7%). On a monthly basis, consumer prices rose 0.1% in August, from a 1% decrease in the prior month.
2023-09-05
Armenia Consumer Prices Fall for 2nd Month
Consumer prices in Armenia declined 0.1% in July 2023, from 0.5% fall in the previous month. It was the second consecutive month of deflation, as prices slowed for both housing & utilities (1.6% vs 2.2% in June) and restaurants & hotels (5.5% vs 6.6%). At the same time, prices remained unchanged for clothing & footwear (4.8%). Meanwhile, prices fell at a slower pace for food & non-alcoholic beverages (-3.9% vs -5.5%) and transport (-1.7% vs -3.9%). On a monthly basis, consumer prices contracted 1% in July, easing from a 1.4% drop in the previous month.
2023-08-03
Armenia Consumer Prices Fall for 1st Time Since 2020
Consumer prices in Armenia declined 0.5% in June 2023, shifting from a 1.3% rise in the previous month. It marked the first deflation since March 2020, as prices fell further for food & non-alcoholic beverages (-5.5% vs -2.1% in May) and transport (-3.9% vs -3.1%). At the same time, costs slowed for housing & utilities (2.2% vs 2.4%), clothing & footwear (4.8% vs 6.2%) and restaurants & hotels (6.6% vs 7.8%). On a monthly basis, consumer prices dropped 1.4%, easing from a 1.8% fall in the previous month.
2023-07-06