Armenia - Inflation, consumer prices (annual %) 1994 - 2022
Armenia's inflation, consumer prices (annual %) is currently 8.64%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Armenia's inflation, consumer prices (annual %) for 2022 was 8.641%, a 20.27% increase from 2021, with a +1 difference.
- In 2021 it was 7.185%, a 493.08% increase from 2020, with a +5 difference.
- In 2020 it was 1.211%, a -16.07% increase from 2019.
- In 2019 it was 1.443%, a -42.73% increase from 2018.
- In 2018 it was 2.52%, a 159.94% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Armenia is currently 126.8455% (average of years with recorded data) with a lowest recorded value of -1.4036% in 2016 and a highest value of 3373.7594% in 1994.
Armenia's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1994 | 3373.759% | |
| 1995 | 175.951% | -94.78% |
| 1996 | 18.681% | -89.38% |
| 1997 | 13.961% | -25.27% |
| 1998 | 8.672% | -37.88% |
| 1999 | 0.648% | -92.53% |
| 2000 | -0.791% | -222.00% |
| 2001 | 3.146% | 497.77% |
| 2002 | 1.06% | -66.30% |
| 2003 | 4.722% | 345.41% |
| 2004 | 6.961% | 47.44% |
| 2005 | 0.639% | -90.82% |
| 2006 | 2.892% | 352.69% |
| 2007 | 4.407% | 52.38% |
| 2008 | 8.95% | 103.07% |
| 2009 | 3.407% | -61.94% |
| 2010 | 8.176% | 140.00% |
| 2011 | 7.65% | -6.44% |
| 2012 | 2.558% | -66.56% |
| 2013 | 5.79% | 126.33% |
| 2014 | 2.981% | -48.51% |
| 2015 | 3.732% | 25.17% |
| 2016 | -1.404% | -137.61% |
| 2017 | 0.97% | 169.08% |
| 2018 | 2.52% | 159.94% |
| 2019 | 1.443% | -42.73% |
| 2020 | 1.211% | -16.07% |
| 2021 | 7.185% | 493.08% |
| 2022 | 8.641% | 20.27% |
Expand
Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, Armenia comes in 28th with 8.641% inflation, consumer prices (annual %).
- Within the same region, Slovak Republic comes in 18th with 12.774%, inflation, consumer prices (annual %).
- Serbia comes in 19th with 11.982%.
- Georgia comes in 20th with 11.898%.
- Kosovo comes in 21st with 11.581%.
- Uzbekistan comes in 22nd with 11.447%.
- Croatia comes in 23rd with 10.781%.
- Netherlands comes in 24th with 10.001%.
- Greece comes in 25th with 9.645%.
- Belgium comes in 26th with 9.598%.
- Slovenia comes in 27th with 8.834%.
- Austria comes in 29th with 8.547%.
- Cyprus comes in 30th with 8.395%.
- Spain comes in 31st with 8.391%.
- Sweden comes in 32nd with 8.369%.
- Iceland comes in 33rd with 8.309%.
- Italy comes in 34th with 8.201%.
- Kazakhstan comes in 35th with 8.042%.
- United Kingdom comes in 36th with 7.922%.
- Portugal comes in 37th with 7.833%.
- And Ireland comes in 38th with 7.807%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Turkiye | 72.31% | 2022 |
| 2 | Moldova | 28.74% | 2022 |
| 3 | Ukraine | 20.18% | 2022 |
| 4 | Lithuania | 19.70% | 2022 |
| 5 | Estonia | 19.40% | 2022 |
| 6 | Latvia | 17.31% | 2022 |
| 7 | Bulgaria | 15.33% | 2022 |
| 8 | Belarus | 15.21% | 2022 |
| 9 | Czechia | 15.10% | 2022 |
| 10 | Hungary | 14.61% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, Armenia comes in 23rd with 8.641% inflation, consumer prices (annual %).
- Within the same income group, Georgia comes in 13th with 11.898%, inflation, consumer prices (annual %).
- Botswana comes in 14th with 11.666%.
- Kosovo comes in 15th with 11.581%.
- Tonga comes in 16th with 10.971%.
- Mauritius comes in 17th with 10.774%.
- Jamaica comes in 18th with 10.35%.
- Colombia comes in 19th with 10.177%.
- Paraguay comes in 20th with 9.766%.
- Brazil comes in 21st with 9.28%.
- Dominican Republic comes in 22nd with 8.811%.
- Peru comes in 24th with 8.334%.
- Costa Rica comes in 25th with 8.275%.
- Kazakhstan comes in 26th with 8.042%.
- Mexico comes in 27th with 7.896%.
- El Salvador comes in 28th with 7.199%.
- South Africa comes in 29th with 7.04%.
- Guatemala comes in 30th with 6.885%.
- Albania comes in 31st with 6.725%.
- Russian Federation comes in 32nd with 6.694%.
- And St. Lucia comes in 33rd with 6.378%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |