Armenia's annual inflation decreased to a five-month low of 1.8 percent in November 2018 from 2.8 percent in the previous month. Prices increased at a softer pace for food (1.4 pct vs 3.5 pct in October); transport (6.1 pct vs 7.3 pct); furnishing, household equipment & routine maintenance of the house (1.0 vs 1.1 pct); health (3.8 pct vs 4.1 pct); restaurants & hotels (3.5 pct vs 4 pct), and alcoholic beverages & tobacco (4.0 pct vs 4.2 pct). Additionally, cost dropped faster for recreation & culture (-2.6 pct vs -1.4 pct); communication (-0.6 pct vs -0.5 pct). Meanwhile inflation was steady for housing, water, electricity, gas & other fuels (at 0.3 pct, the same as in October); and education (at 2.4 pct). Also, prices advanced faster for both clothing & footwear (2.7 pct vs 2.2 pct) and miscellaneous & services (0.5 pct vs 0.2 pct). On a monthly basis, consumer prices went up 1 percent, compared to a 0.1 percent gain in October. Inflation Rate in Armenia averaged 619.25 percent from 1993 until 2018, 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.
Inflation Rate in Armenia is expected to be 2.70 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 3.10 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.