Annual inflation rate in Armenia increased to 1.8 percent in August of 2020 from 1.5 percent in July. It is the highest reading since June of 2019. Biggest increases were seen in prices of alcoholic beverages and tobacco (10.1 percent), recreation and culture (5.5 percent), miscellaneous goods and services (4.2 percent), education (3.6 percent) and health (2.3 percent. Food inflation was 1.6 percent and housing and utilities 1 percent. Transportation prices were down 1.7 percent. On a monthly basis, consumer prices fell 0.1 percent.
Inflation Rate in Armenia averaged 578.82 percent from 1993 until 2020, 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 2020.
Inflation Rate in Armenia is expected to be 2.10 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 1.80 in 12 months time. In the long-term, the Armenia Inflation Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.