Annual inflation, consumer prices in Armenia
Armenia: Annual inflation, consumer prices was 0.3% in 2024. ◆ Volatile
Annual inflation, consumer prices in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Armenia is 0.3%, measured in 2024.
The figure is down 86.4% on the previous year and down 91.0% over ten years.
Over the whole period, annual inflation, consumer prices in Armenia peaked at 8.9% in 2008 and was at its lowest, -1.4%, in 2016.
Armenia ranks 193rd of 203 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual inflation, consumer prices in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -0.8% | — |
| 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% |
Armenia compared with similar countries
- Armenia's 0.3% is below the median for upper middle income countries, which is 3.1%, 9% of the median. (52 countries reporting)
- Armenia's 0.3% is below the median for Europe & Central Asia, which is 2.8%, 10% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.5% | -0.8% | 8.9% | 10 |
| 2010s | 3.4% | -1.4% | 8.2% | 10 |
| 2020s | 3.9% | 0.3% | 8.6% | 5 |
Countries ranked near Armenia
- 190 Trinidad and Tobago 0.5% compare
- 191 Bahamas 0.4% compare
- 192 Seychelles 0.3% compare
- 194 China 0.2% compare
- 195 Saint Lucia -0.1% compare
- 196 Brunei Darussalam -0.4% compare
- 196 Brunei -0.4% compare
More development goals data for Armenia
- Red List Index 0.8418 index (2025)
- Number of refugees per 100,000 population, by country of origin 531.61 per 100,000 people (2025)
- Manufacturing value added per capita 649.47 constant US$ (2025)
- Number of transboundary breeds 25 (2025)
- Number of transboundary breeds (not extinct) 24 (2025)
- Number of transboundary breeds with unknown risk status 24 (2025)
- Number of local breeds with unknown risk status 13 (2025)
- Number of local breeds (not extinct) 13 (2025)
- Number of local breeds kept in the country 14 (2025)
- Infant deaths 301 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Armenia?
- Annual inflation, consumer prices in Armenia was 0.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Armenia?
- The highest recorded value was 8.9% in 2008.
- What is the lowest annual inflation, consumer prices recorded in Armenia?
- The lowest recorded value was -1.4% in 2016.
- How does Armenia rank for annual inflation, consumer prices?
- Armenia ranks 193rd out of 203 countries with data for 2024.
- Is annual 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 United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
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