The annual inflation rate in Armenia fell to 0.5 percent in September of 2019 from 0.6 percent in the previous month. It was the lowest inflation since March of 2017, as food & non-alcoholic cost continued to fall (-1.4 percent vs -0.3 percent in August) while health prices slowed (1.4 percent vs 1.6 percent). On the other hand, cost advanced faster for housing & utilities (1.0 percent vs 0.3 percent) and transport (2.2 percent vs 1.0 percent). On a monthly basis, consumer prices rose 0.2 percent, rebounding from a 0.4 percent drop in August. Inflation Rate in Armenia averaged 599.33 percent from 1993 until 2019, 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 -1.50 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 2.30 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.