YEREVAN, December 4. /ARKA/. Inflation in Armenia’s consumer market in November this year, compared to November of last year, stood at 1.4%, according to the report from the National Statistical Committee (NSC) of Armenia.
At the same time, according to the NSC, inflation in November compared to October was recorded at 1.3%.
Meanwhile, from January to November 2024, compared to the same period in 2023, prices increased by 0.2%.
In Armenia’s state budget for 2024, inflation is set at 4% (±1.5%). According to the Central Bank’s report on monetary policy for the third quarter of this year, inflation in Armenia is expected to be between 2.1% and 2% by the end of 2024. The forecast for 2025 is 4% to 3.2%, for 2026 is 4.2% to 3.8%, and for 2027 is 4%.
The World Bank expects inflation in Armenia to reach 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF predicts that prices in Armenia will increase by 3.1% in 2024 and by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 0.8% in 2024 and will accelerate to 2.5% in 2025. The EDB expects inflation in Armenia to be 1.5% by the end of this year.
