Development of inflation rates in Armenia
The inflation rate for consumer prices in Armenia moved over the past 27 years between -1.4% and 3,373.8%. For 2021, an inflation rate of 7.2% was calculated.During the observation period from 1994 to 2021, the average inflation rate was 135.9% per year. Overall, the price increase was 30,230.13 %. An item that cost 100 Dram in 1994 was so charged 30,330.13 Dram in the beginning of 2022.
› Inflation rates in global comparison
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Performance over the last 27 years compared to the US
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 1993:
Inflation calculator for Armenia
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Dram in 1994 corresponds to an amount of 303,301.35 Dram at the beginning of 2022 due to inflation.Development of inflation rates for consumer goods in Armenia
Historical inflation rates in comparison
| Year | Armenia | Ø USA | Ø World |
|---|---|---|---|
| 2021 | 7.18 % | 4.70 % | 3.42 % |
| 2020 | 1.21 % | 1.23 % | 1.91 % |
| 2019 | 1.44 % | 1.81 % | 2.21 % |
| 2018 | 2.52 % | 2.44 % | 2.44 % |
| 2017 | 0.97 % | 2.13 % | 2.19 % |
| 2016 | -1.40 % | 1.26 % | 1.55 % |
| 2015 | 3.73 % | 0.12 % | 1.43 % |
| 2014 | 2.98 % | 1.62 % | 2.35 % |
| 2013 | 5.79 % | 1.46 % | 2.62 % |
| 2012 | 2.56 % | 2.07 % | 3.73 % |
| 2011 | 7.65 % | 3.16 % | 4.82 % |
| 2010 | 8.18 % | 1.64 % | 3.35 % |
| 2009 | 3.41 % | -0.36 % | 2.94 % |
| 2008 | 8.95 % | 3.84 % | 8.95 % |
| 2007 | 4.41 % | 2.85 % | 4.82 % |
| 2006 | 2.89 % | 3.23 % | 4.28 % |
| 2005 | 0.64 % | 3.39 % | 4.11 % |
| 2004 | 6.96 % | 2.68 % | 3.38 % |
| 2003 | 4.72 % | 2.27 % | 3.03 % |
| 2002 | 1.06 % | 1.59 % | 2.83 % |
| 2001 | 3.15 % | 2.83 % | 3.84 % |
| 2000 | -0.79 % | 3.38 % | 3.49 % |
| 1999 | 0.65 % | 2.19 % | 3.08 % |
| 1998 | 8.67 % | 1.55 % | 5.11 % |
| 1997 | 13.96 % | 2.34 % | 5.57 % |
| 1996 | 18.68 % | 2.93 % | 6.55 % |
| 1995 | 175.95 % | 2.81 % | 9.15 % |
| 1994 | 3,373.76 % | 2.61 % | 10.32 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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