Inflation, consumer prices in Armenia
Armenia: Inflation, consumer prices was 0.2695 in 2024. ◆ Volatile
Latest (2024)
0.2695
Change on year
down 86.4%
World rank
69th
of 70 countries
All-time high
3,374
in 1994
All-time low
-1.4
in 2016
Years of data
31
1994–2024
Inflation, consumer prices in Armenia, 1994–2024
Source: UNICEF.
Analysis
In 2024, inflation, consumer prices in Armenia stood at 0.2695.
Compared with earlier readings it is down 86.4% on the previous year and down 91.0% over ten years.
Over the whole period, inflation, consumer prices in Armenia peaked at 3,374 in 1994 and was at its lowest, -1.4, in 2016.
Armenia ranks 69th of 70 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 3,374 | — |
| 1995 | 175.95 | -94.8% |
| 1996 | 18.68 | -89.4% |
| 1997 | 13.96 | -25.3% |
| 1998 | 8.67 | -37.9% |
| 1999 | 0.6482 | -92.5% |
| 2000 | -0.7909 | -222.0% |
| 2001 | 3.15 | -497.8% |
| 2002 | 1.06 | -66.3% |
| 2003 | 4.72 | +345.4% |
| 2004 | 6.96 | +47.4% |
| 2005 | 0.6389 | -90.8% |
| 2006 | 2.89 | +352.7% |
| 2007 | 4.41 | +52.4% |
| 2008 | 8.95 | +103.1% |
| 2009 | 3.41 | -61.9% |
| 2010 | 8.18 | +140.0% |
| 2011 | 7.65 | -6.4% |
| 2012 | 2.56 | -66.6% |
| 2013 | 5.79 | +126.3% |
| 2014 | 2.98 | -48.5% |
| 2015 | 3.73 | +25.2% |
| 2016 | -1.4 | -137.6% |
| 2017 | 0.9696 | -169.1% |
| 2018 | 2.52 | +159.9% |
| 2019 | 1.44 | -42.7% |
| 2020 | 1.21 | -16.1% |
| 2021 | 7.18 | +493.1% |
| 2022 | 8.64 | +20.3% |
| 2023 | 1.98 | -77.1% |
| 2024 | 0.2695 | -86.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 598.61 | 0.6482 | 3,374 | 6 |
| 2000s | 3.54 | -0.7909 | 8.95 | 10 |
| 2010s | 3.44 | -1.4 | 8.18 | 10 |
| 2020s | 3.86 | 0.2695 | 8.64 | 5 |
Countries ranked near Armenia
More economy & growth data for Armenia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- GNI, Atlas method (current US$), annual growth rate 17.51 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9523 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 9,022 current US$ per person (2025)
- GNI (current US$), annual growth rate 13.29 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9702 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 9,192 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.64 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 375.49 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in Armenia?
- Inflation, consumer prices in Armenia was 0.2695 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in Armenia?
- The highest recorded value was 3,374 in 1994.
- What is the lowest inflation, consumer prices recorded in Armenia?
- The lowest recorded value was -1.4 in 2016.
- How does Armenia rank for inflation, consumer prices?
- Armenia ranks 69th out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in Armenia?
- Over the last ten years it is down 91.0%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under UNICEF Terms of Use (attribution required).