Inflation of consumer prices in Armenia
Armenia: Inflation of consumer prices was 3.3% in 2025. ◆ Volatile
Inflation of consumer prices in Armenia, 1994–2025
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
Armenia recorded 3.3% for inflation of consumer prices in 2025.
That represents a change of up 1,127.0% on the previous year and down 11.4% over ten years.
Over the whole period, inflation of consumer prices in Armenia peaked at 3,373.8% in 1994 and was at its lowest, -1.4%, in 2016.
That places Armenia 89th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in Armenia, year by year
| Year | annual % | Change |
|---|---|---|
| 1994 | 3,373.8% | — |
| 1995 | 176.0% | -94.8% |
| 1996 | 18.7% | -89.4% |
| 1997 | 14.0% | -25.3% |
| 1998 | 8.7% | -37.9% |
| 1999 | 0.6% | -92.5% |
| 2000 | -0.8% | -222.0% |
| 2001 | 3.1% | -497.8% |
| 2002 | 1.1% | -66.3% |
| 2003 | 4.7% | +345.4% |
| 2004 | 7.0% | +47.4% |
| 2005 | 0.6% | -90.8% |
| 2006 | 2.9% | +352.7% |
| 2007 | 4.4% | +52.4% |
| 2008 | 8.9% | +103.1% |
| 2009 | 3.4% | -61.9% |
| 2010 | 8.2% | +140.0% |
| 2011 | 7.7% | -6.4% |
| 2012 | 2.6% | -66.6% |
| 2013 | 5.8% | +126.3% |
| 2014 | 3.0% | -48.5% |
| 2015 | 3.7% | +25.2% |
| 2016 | -1.4% | -137.6% |
| 2017 | 1.0% | -169.1% |
| 2018 | 2.5% | +159.9% |
| 2019 | 1.4% | -42.7% |
| 2020 | 1.2% | -16.1% |
| 2021 | 7.2% | +493.1% |
| 2022 | 8.6% | +20.3% |
| 2023 | 2.0% | -77.1% |
| 2024 | 0.3% | -86.4% |
| 2025 | 3.3% | +1127.0% |
Armenia compared with similar countries
- Armenia's 3.3% is above the median for upper middle income countries, which is 3.3%, 1.0× the median. (54 countries reporting)
- Armenia's 3.3% is below the median for Europe & Central Asia, which is 3.8%, 88% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Inflation of consumer prices in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2025 | +1127.0% | 0.3% | 3.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 598.6% | 0.6% | 3,373.8% | 6 |
| 2000s | 3.5% | -0.8% | 8.9% | 10 |
| 2010s | 3.4% | -1.4% | 8.2% | 10 |
| 2020s | 3.8% | 0.3% | 8.6% | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 252.31 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 605.13 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 359.96 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0207 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 196.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is inflation of consumer prices in Armenia?
- Inflation of consumer prices in Armenia was 3.3% in 2025, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Armenia?
- The highest recorded value was 3,373.8% in 1994.
- What is the lowest inflation of consumer prices recorded in Armenia?
- The lowest recorded value was -1.4% in 2016.
- How does Armenia rank for inflation of consumer prices?
- Armenia ranks 89th out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in Armenia?
- Over the last ten years it is down 11.4%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.