Inflation Armenia 2020
Average inflation: 1.2%
Current Inflation
Inflation is low at 1.2%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in December at 3.7%. The lowest inflation was in February at -0.5%.
- Highest month
- December: 3.7%
- Lowest month
- February: -0.5%
- Difference
- 4.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.9%. The lowest price increase was in Food with an average of 0.3%.
- Highest increase
- Energy: 0.9%
- Lowest increase
- Food: 0.3%
Historical Context
Current inflation is around the 5-year average of 1.0%.
- 5-year average
- 1%
- 10-year average
- 2.8%
- All-time high (2011)
- 7.7%
- All-time low (2016)
- -1.4%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +0.3 percentage point.
- Change vs. previous year
- -0.3 percentage points
- Largest monthly swing
- December: +3.0 percentage points
ECB Target
Inflation is 0.8% 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 €101.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 0.3% | -0.5 |
| February | -0.5% | -2.4 |
| March | -0.1% | -2.0 |
| April | 0.9% | -1.3 |
| May | 1.2% | -1.6 |
| June | 1.7% | -0.8 |
| July | 1.5% | -0.2 |
| August | 1.8% | +1.2 |
| September | 1.4% | +0.9 |
| October | 1.3% | +0.4 |
| November | 1.6% | +0.6 |
| December | 3.7% | +3.0 |
| Average | 1.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.