Armenia Inflation Rate 1994-2022

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Armenia inflation rate for 2021 was 7.18%, a 5.97% increase from 2020.
  • Armenia inflation rate for 2020 was 1.21%, a 0.23% decline from 2019.
  • Armenia inflation rate for 2019 was 1.44%, a 1.08% decline from 2018.
  • Armenia inflation rate for 2018 was 2.52%, a 1.55% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Dominica 0.52%
Fiji 0.16%
Ecuador 0.13%
Armenia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 7.18% 5.97%
2020 1.21% -0.23%
2019 1.44% -1.08%
2018 2.52% 1.55%
2017 0.97% 2.37%
2016 -1.40% -5.14%
2015 3.73% 0.75%
2014 2.98% -2.81%
2013 5.79% 3.23%
2012 2.56% -5.09%
2011 7.65% -0.53%
2010 8.18% 4.77%
2009 3.41% -5.54%
2008 8.95% 4.54%
2007 4.41% 1.52%
2006 2.89% 2.25%
2005 0.64% -6.32%
2004 6.96% 2.24%
2003 4.72% 3.66%
2002 1.06% -2.09%
2001 3.15% 3.94%
2000 -0.79% -1.44%
1999 0.65% -8.02%
1998 8.67% -5.29%
1997 13.96% -4.72%
1996 18.68% -157.27%
1995 175.95% -3197.81%
1994 3,373.76% -3197.81%