Inflation in Armenia
Armenia - InflationRecent data suggests that the economy lost traction in the third quarter, after GDP expanded at the swiftest rate on record in Q2. Industrial output grew at a markedly softer pace in July compared to the previous quarter, while economic activity growth slid to a five-month low in August. Moreover, consumer lending shrank in both July and August—the first time in over five years that credit levels have not grown—likely curbing private spending in the quarter. Meanwhile, the country is currently in the midst of its fourth—and deadliest—wave of Covid-19 infections, with October seeing the highest number of both cases and deaths in a single day since the start of the pandemic. Furthermore, vaccine hesitancy has continued to run deep among citizens, likely dragging on the overall campaign and resulting in the slowest vaccination rate in the region.
Armenia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||3.7||-1.4||1.0||2.5||1.5|
5 years of economic forecasts for more than 30 economic indicators.
Armenia Inflation Chart
Source: National Statistical Service of Armenia
|Stock Market||0.1||0.0 %||Jan 07|
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