Armenia Inflation Rate 1994-2021

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 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.
  • Armenia inflation rate for 2017 was 0.97%, a 2.37% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 84.86%
Turkey 12.28%
Kazakhstan 6.75%
Belarus 5.55%
Jamaica 5.23%
Equatorial Guinea 4.77%
Dominican Republic 3.78%
Mexico 3.40%
Russia 3.38%
South Africa 3.22%
Guatemala 3.21%
Brazil 3.21%
Azerbaijan 2.76%
Romania 2.63%
Mauritius 2.58%
Colombia 2.52%
China 2.42%
Algeria 2.42%
Namibia 2.21%
Botswana 1.89%
Peru 1.83%
Paraguay 1.77%
Bulgaria 1.67%
Albania 1.62%
Serbia 1.58%
Gabon 1.37%
Armenia 1.21%
North Macedonia 1.20%
Costa Rica 0.72%
Jordan 0.33%
Montenegro -0.26%
Ecuador -0.34%
Thailand -0.85%
Bosnia -1.05%
Malaysia -1.14%
Maldives -1.37%
Samoa -1.57%
Armenia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%