YEREVAN, December 10. /ARKA/. The Chairman of the Central Bank of Armenia, Martin Galstyan, assessed the possible impact of the increase in public transport ticket prices in Yerevan on inflation.
“According to our calculations, the maximum impact we may see next year due to the increase in transport prices will be up to 0.5%. This is the highest estimate,” Galstyan said, responding to a question from the ARKA news agency during a press conference.
He explained that this is a weighted average estimate with various scenarios, as it includes both the increase in the cost of single transport tickets and the introduction of a subscription system.
On Inflation
In November, Armenia’s 12-month inflation stood at 1.4%. According to the Central Bank’s report, inflation in Armenia is expected to range between 2.1% and 2% by the end of 2024. The forecast for 2025 is 4%-3.2%, for 2026 it is 4.2%-3.8%, and for 2027 it is 4%.
In the state budget of Armenia for 2025, approved on December 4, 2024, the 12-month inflation target is set at 3% (±1 p.p.).
The Central Bank decided to lower the target level, which had been in place since 2006 at 4% (±1.5 p.p.), believing that the Armenian economy is now ready for a new stage of development.
About the unified ticket system
Currently, a trip on the bus or metro in Yerevan costs 100 drams, while a trip on the trolleybus costs 50 drams.
The following prices will be introduced starting January 1, 2025:
– Single use per vehicle
90-minute ticket – 280-300 AMD for 3 trips
880 to 900 AMD for 1 day – 8 trips
4800-5000 AMD for 7 days – 30 trips
– Unlimited trips
8800-9000 AMD for 30 days
23,600-24,000 AMD for 90 days
88,000-90,000 AMD for 365 days
– Multiple-use ticket – 2100-2200 AMD for 10 trips per month.
When purchasing any package, citizens will be able to use all types of public transport.
