Development of inflation rates in Armenia
The inflation rate for consumer prices in Armenia moved over the past 25 years between -1.4% and 3,373.8%. For 2019, an inflation rate of 1.4% was calculated.
During the observation period from 1994 to 2019, the average inflation rate was 146.5%
per year. Overall, the price increase was 27,858.34 %. An item that cost 100 Dram in 1994 was so charged 27,958.34 Dram in the beginning of 2020.
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.Back to overview: Armenia