Armenia’s annual inflation rate slowed to 7.7 percent year-on-year in December of 2021, from a near eleven-year high of 9.6 percent in the previous month. It was the smallest price increase since June of 2021, as momentum eased significantly in prices of food & non-alcoholic beverages (12.9 percent vs 16.9 percent in November); transport (5.7 percent vs 8.5 percent); furnishings, household equipment & routine maintenance (7.5 percent vs 8.7 percent). Conversely, prices rose faster for clothing & footwear (12.3 percent vs 12.1 percent); housing & utilities (1.9 percent vs 1.6 percent); recreation & culture (11.9 percent vs 11.5 percent); and restaurants & hotels (5.5 percent vs 4.7 percent). On a monthly basis, consumer prices went up 1.6 percent, after a 1.7 percent gain in November. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia averaged 551.62 percent from 1993 until 2021, 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 January of 2022.

Inflation Rate in Armenia is expected to be 9.00 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 3.60 percent in 2023, according to our econometric models.

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Armenia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-03 08:00 AM Nov 9.6% 9.1% 9.3%
2022-01-10 08:00 AM Dec 7.7% 9.6% 10.1%
2022-02-07 08:00 AM Jan 7.7%


Related Last Previous Unit Reference
Inflation Rate 7.70 9.60 percent Dec/21
Consumer Price Index CPI 142.58 140.22 points Nov/21
Producer Prices 100.00 100.20 points Nov/21
Inflation Rate Mom 1.60 1.70 percent Dec/21
Food Inflation 12.90 16.90 percent Dec/21
Producer Prices Change 9.90 10.80 percent Nov/21
Export Prices 92.60 98.00 points Jul/21
Import Prices 95.70 98.40 points Jul/21

News Stream
Armenia Inflation Rate at 6-Month Low
Armenia’s annual inflation rate slowed to 7.7 percent year-on-year in December of 2021, from a near eleven-year high of 9.6 percent in the previous month. It was the smallest price increase since June of 2021, as momentum eased significantly in prices of food & non-alcoholic beverages (12.9 percent vs 16.9 percent in November); transport (5.7 percent vs 8.5 percent); furnishings, household equipment & routine maintenance (7.5 percent vs 8.7 percent). Conversely, prices rose faster for clothing & footwear (12.3 percent vs 12.1 percent); housing & utilities (1.9 percent vs 1.6 percent); recreation & culture (11.9 percent vs 11.5 percent); and restaurants & hotels (5.5 percent vs 4.7 percent). On a monthly basis, consumer prices went up 1.6 percent, after a 1.7 percent gain in November.
2022-01-10
Armenia Inflation Rate at Near 11-Year High
Consumer prices in Armenia hiked 9.6 percent year-on-year in November of 2021, quickening from a 9.1 percent increase in the previous month, the fastest pace since March of 2011. Major contributions came from prices of food & non-alcoholic beverages (16.9 percent vs 16.0 percent in October); transport (8.5 percent vs 8.4 percent); clothing & footwear (12.1 percent vs 11.7 percent); recreation & culture (11.5 percent vs 7.4 percent); alcoholic beverages & tobacco (9.5 percent vs 9.7 percent); and furnishings, household equipment & routine maintenance (8.7 percent vs 9.3 percent). On a monthly basis, consumer prices went up 1.7 percent, after a 0.7 percent gain in October.
2021-12-03
Armenia Inflation Rate at Over 8-Year High
The annual inflation rate in Armenia edged up to 9.1 percent in October of 2021 from 8.9 percent in the previous month, reaching the highest rate since August of 2013. Inflation quickened for food & non-alcoholic beverages (16 percent vs 15.4 percent in September); recreation & culture (7.4 percent vs 2.7 percent); alcoholic beverages & tobacco (9.7 percent vs 9.3 percent); and restaurants & hotels (3.4 percent vs 2.6 percent). On the other hand, inflation slowed for transport (8.4 percent vs 8.8 percent); housing & utilities (1.5 percent vs 1.6 percent); clothing & footwear (11.7 percent vs 12.4 percent); furnishings (9.3 percent vs 9.9 percent); health (4.7 percent vs 5.1 percent); and miscellaneous goods & services (4.4 percent vs 4.6 percent). On a monthly basis, consumer prices edged up 0.7 percent, after a 0.1 percent downtick in September.
2021-11-03

Armenia Inflation Rate
In Armenia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods.