Armenia Inflation Rate 1994-2024
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 2023 was 1.98%, a 6.66% decline from 2022.
- Armenia inflation rate for 2022 was 8.64%, a 1.46% increase from 2021.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
1.98% |
-6.66% |
| 2022 |
8.64% |
1.46% |
| 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% |
