Inflation Armenia 2019
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in May at 2.8%. The lowest inflation was in September at 0.5%.
- Highest month
- May: 2.8%
- Lowest month
- September: 0.5%
- Difference
- 2.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.9%. The lowest price increase was in Energy with an average of 0.5%.
- Highest increase
- Food: 1.9%
- Lowest increase
- Energy: 0.5%
Historical Context
Current inflation is around the 5-year average of 1.5%.
- 5-year average
- 1.5%
- 10-year average
- 2.9%
- All-time high (2011)
- 7.7%
- All-time low (2016)
- -1.4%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-1.0 percentage point).
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- September: -3.0 percentage points
ECB Target
Inflation is 0.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.8% | -2.1 |
| February | 1.9% | -1.4 |
| March | 1.9% | -1.8 |
| April | 2.2% | -0.2 |
| May | 2.8% | +1.2 |
| June | 2.5% | +1.6 |
| July | 1.7% | -0.6 |
| August | 0.6% | -2.7 |
| September | 0.5% | -3.0 |
| October | 0.9% | -1.9 |
| November | 1.0% | -0.8 |
| December | 0.7% | -1.1 |
| Average | 1.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.