World bank identifies drivers of inflation growth in Armenia in November

YEREVAN, December 23. /ARKA/. Inflation increased to 1.4 percent (yoy) in November, up from 0.6 percent (yoy) in October. The increase was mainly due to 3.1 percent higher prices for food and non-alcoholic beverages (mom), according to the World Bank’s “Armenia Monthly Economic Update – December 2024.

“While apartment rental prices showed almost no increase in the CPI, cadastral data revealed a 2.4 percent (yoy) increase in apartment transaction prices in central Yerevan; and a 58.6 percent (yoy) rise in the number of transactions, a surge in activity attributed to the ending of the mortgage interest rate refund program for Yerevan, effective from January 2025,” the report said.

The Armenian government’s 2024 state budget projects inflation at 4% (±1.5%), and 3% (+1%) for 2025. In November, the 12-month inflation rate was 1.4%. According to the Central Bank’s monetary policy report for the fourth quarter of this year, inflation in Armenia is expected to range from 2.1% to 1.6% by the end of 2024. The forecast for 2025 is 3.9% to 3.2%, for 2026 it is 4.2% to 3.8%, and for 2027, it is 4%.

The World Bank expects inflation in Armenia to be 3% in 2024, 3.5% in 2025, and 4% in 2026. The IMF forecasts a 3.1% increase in prices in Armenia in 2024, followed by 3.7% in 2025. According to the ADB, inflation in Armenia is expected to be 0.8% in 2024, accelerating to 2.5% in 2025. The EDB anticipates inflation in Armenia to reach 1.8% by the end of this year and 3.1% by the end of 2025.

spot_img

POPULAR

In January, commercial bank deposits in Armenia decreased by 0.3%, while lending expanded by 1.1% – WB

In January 2026, commercial bank deposits in Armenia decreased by 0.3% (MoM), while loans grew by 1.1% (MoM), according to the World Bank's "Armenia Monthly Economic Update – March 2026."

Euro rose against the Armenian dram, while the dollar and ruble fell: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, determined on March 16, 2026, fell by 0.13 points compared to March 13, to 377.41 drams.

Accelerating inflation in Armenia in January and February driven by food price dynamics – EDB review

In January and February 2026, inflation in Armenia amounted to 3.8% y/y and 4.3% y/y, respectively, according to the EDB's March review.

Change in the Executive Management of Converse Bank

Yerevan, March 16, 2026. Converse Bank CJSC announces that Mr. Andranik Grigoryan will step down from his position as Chief Executive Officer of the Bank effective March 31, at his own request.

Armbanks Weekly Digest: Key Events in Armenian Financial Market (March 9–14) 

The past week in the Armenian financial market was marked by discussions of capital market development prospects at a specialized international conference, regulatory initiatives from the Central Bank, and changes to the insurance system.

LATEST NEWS

spot_imgspot_imgspot_img