YEREVAN, April 23. /ARKA/. Armenia was among the top 10 countries in the world with the lowest annual inflation in 2024. Such data is provided in an IMF study on 156 countries.
Thus, deflation of 0.4% was recorded in Costa Rica and Saint Lucia. Inflation was 0.2% in China, Jordan, and the Seychelles, 0.3% in Armenia, 0.4% in the Bahamas and Thailand, and 0.5% in Trinidad and Tobago.
Among the countries that also recorded low inflation last year were Oman, Papua New Guinea (0.6% each), Macau (0.7%), Panama, Senegal (0.8% each), Bahrain, Cambodia, Lithuania, and Morocco (0.9% each). The top 5 countries with the highest inflation are: Zimbabwe (736.1%), Argentina (219.9%), Sudan (176%), South Sudan (128.4%) and Turkey (58.5%). Countries with high inflation include the West Bank and Gaza Strip (52.9%), Venezuela (49%), Lebanon (45.2%), Yemen (33.9%), and Egypt (33.3%).
In the state budget of Armenia for 2024, inflation was set at 4% (±1.5%). According to Armstat, 12-month inflation (December 2024 compared to December 2023) was 1.5%, and in January-December 2024, compared to the same period in 2023, prices increased by 0.3%. The World Bank expected inflation in Armenia to be 3% in 2024, the IMF predicted that prices in Armenia would grow by 3.1% in 2024, the ADB’s inflation forecast for last year was 0.8%, and the EDB expected inflation in Armenia to be 1.5%.
