YEREVAN, January 29. /ARKA/. Armenia’s inflation picked up to 1.5 percent (yoy) in December, the highest rate since April 2023, according to World Bank’s Armenia Monthly Economic Update – January 2025 review.
This was due to higher inflation for food and nonalcoholic beverages (at 2 percent, yoy, in December, up from 1.7 percent in November); and for healthcare, which rose to 3.2 percent (yoy) in December from 2.5 percent (yoy) in November.
Prices in December continued to decline for clothing and footwear (down 2.6 percent, yoy), furnishings and household equipment (down 2.5 percent, yoy), and housing and utilities (down 0.2 percent, yoy). In 2024, average inflation was 0.3 percent, compared with 2 percent in 2023.
In Armenia’s state budget for 2025, inflation is set at 3% (±1%). In December, 12-month inflation amounted to 1.5%. According to the Central Bank, 2025 inflation is expected within 3.9-3.2%, the forecast for 2026 is 4.2-3.8%.
