The annual inflation rate in Armenia climbed to 5.3% year-on-year in April 2026 from 4.5% in the previous month. This marked the highest reading since March 2023, driven by stronger price growth for food and non-alcoholic beverages (9.5% vs 7.8% in March), and a rebound in housing and utilities (0.5% vs -0.3%). Inflation also picked up for miscellaneous goods and services (2.8% vs 2.4%), clothing and footwear (1.7% vs 1%), furnishings, household equipment, and routine household maintenance (1% vs 0.6%), and communication (1.2% vs 0.7%). At the same time, inflation remained unchanged for education at 8.3%, while deflation in recreation and culture eased to 0.3% from 0.7%. In contrast, price growth moderated for alcoholic beverages and tobacco (7.7% vs 8.6%), health (4.2% vs 4.5%), transport (2% vs 2.1%), and restaurants and hotels (4.2% vs 4.3%). On a monthly basis, consumer prices rose 1.3% in April, following a 0.7% increase in March. source: National Statistical Service of the Republic of Armenia

Inflation Rate in Armenia increased to 5.30 percent in April from 4.50 percent in March of 2026. Inflation Rate in Armenia averaged 478.36 percent from 1993 until 2026, 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 May of 2026.

Inflation Rate in Armenia increased to 5.30 percent in April from 4.50 percent in March of 2026. Inflation Rate in Armenia is expected to be 5.20 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 4.20 percent in 2027 and 4.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-03 08:00 AM
Inflation Rate YoY
Mar 4.5% 4.3% 4.7%
2026-05-07 08:00 AM
Inflation Rate YoY
Apr 5.3% 4.5% 4.7%
2026-06-03 08:00 AM
Inflation Rate YoY
May 5.3%


Related Last Previous Unit Reference
Consumer Price Index CPI 170.69 168.97 points Apr 2026
Export Prices 107.30 105.20 points Feb 2026
Food Inflation 9.50 7.80 percent Apr 2026
Import Prices 104.70 105.90 points Feb 2026
Inflation Rate YoY 5.30 4.50 percent Apr 2026
Inflation Rate MoM 1.30 0.70 percent Apr 2026
Producer Prices 137.90 137.80 points Mar 2026
PPI YoY 9.50 9.50 percent Mar 2026


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
5.30 4.50 22887.40 -5.52 1993 - 2026 percent Monthly

News Stream
Armenia Inflation Remains at 3-Year High
The annual inflation rate in Armenia climbed to 5.3% year-on-year in April 2026 from 4.5% in the previous month. This marked the highest reading since March 2023, driven by stronger price growth for food and non-alcoholic beverages (9.5% vs 7.8% in March), and a rebound in housing and utilities (0.5% vs -0.3%). Inflation also picked up for miscellaneous goods and services (2.8% vs 2.4%), clothing and footwear (1.7% vs 1%), furnishings, household equipment, and routine household maintenance (1% vs 0.6%), and communication (1.2% vs 0.7%). At the same time, inflation remained unchanged for education at 8.3%, while deflation in recreation and culture eased to 0.3% from 0.7%. In contrast, price growth moderated for alcoholic beverages and tobacco (7.7% vs 8.6%), health (4.2% vs 4.5%), transport (2% vs 2.1%), and restaurants and hotels (4.2% vs 4.3%). On a monthly basis, consumer prices rose 1.3% in April, following a 0.7% increase in March.
2026-05-07
Armenia Inflation Rate Reaches 3-Year High
The annual inflation rate in Armenia accelerated for a fourth consecutive month to 4.5% in March 2026, the highest since March 2023, from 4.3% in the previous month. Prices increased at a faster pace for food and non-alcoholic beverages (7.8% vs 6.5%), clothing and footwear (1% vs 0.6%), restaurants and hotels (4.3% vs 4%), and communication (0.7% vs 0.3%) and rebounded for furnishing and household equipment (0.6% vs -0.1%). On the other ahdn, a slowdown was seen in cost for alcoholic beverages and tobacco (6.8% vs 10.3%), miscellaneous goods and services (2.4% vs 2.6%) and transport (2.1% vs 3.6%) and inflation steadied for health (4.5%) and education (8.3%). Prices went down for housing and utilities (-0.3% vs 0.5%) and recreation and culture (-0.7% vs -0.4%). Compared to the previous month, the CPI rose 0.7%.
2026-04-03
Armenia Inflation Rate Rises to 9-Month High
Armenia’s annual inflation rate rose to 4.3% in February 2026 from 3.8% in the previous month, marking the highest reading since May 2025. Prices increased for food and non-alcoholic beverages (6.5% vs 5.9% in January), alcoholic beverages and tobacco (10.3% vs 9.0%), clothing and footwear (0.6% vs 0.3%), health (4.5% vs 3%), restaurants and hotels (4.0% vs 3.2%), and miscellaneous goods and services (2.6% vs 2.2%). At the same time, costs rebounded for housing and utilities (0.5% vs -0.1%), while remaining steady for education (8.3%). Conversely, prices declined for furnishing and household equipment (-0.1% vs 0.7%) and recreation and culture (-0.4% vs 0.2%), while inflation moderated for transport (3.6% vs 4.3%) and communication (0.3% vs 0.6%). On a monthly basis, consumer prices eased to 0.5% in February, following a 2.0% gain in the prior month.
2026-03-04