Inflation in Armenia

Armenia Inflation | Economic News & Forecasts

Armenia - Inflation

Growth jumped in the first quarter, boosted by soaring household consumption on the back of rising wages and robust credit growth. Available data for the second quarter points to continued solid momentum. Economic activity grew robustly in April–May, supported by a double-digit expansion in industrial output and solid services’ sector activity, while exports returned to growth in the same period after having contracted throughout Q1. Meanwhile, on 25 June, the government passed the tax reform package. Notably, the income tax will change from a progressive system to a flat rate starting in 2020. The move should translate into a marked tax cut for higher earners and should help increase compliance. However, it is also expected to weigh on tax revenue and could worsen income inequality.

Armenia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)5.8  3.0  3.7  -1.4  1.0  

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Armenia Inflation Chart


Armenia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: National Statistical Service of Armenia

Armenia Facts

ValueChangeDate
Stock Market0.10.0 %Jul 11

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