YEREVAN, June 4. /ARKA/. Inflation in Armenia in 2024 was 0.3% and was quite low compared to similar countries, said Armenian Finance Minister Vahe Hovhannisyan.
According to Armstat, in 2024, 12-month inflation in Armenia was 1.5%. In January-December 2024, compared to the same period in 2023, prices increased by 0.3%.
The head of the Finance Ministry noted that deflationary trends in the consumer market of Armenia have consistently softened.
“In the context of a certain weakening of deflationary pressures, inflation has begun to recover, and in the context of a stimulating monetary policy, it is approaching the lower threshold of the Central Bank’s target indicator,” Hovhannisyan said in parliament on Wednesday during a discussion of the report on the implementation of the RA state budget for 2024. In the state budget of Armenia 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, by the end of 2024, inflation in Armenia was expected to be within 2.1-2%, the forecast for 2025 is 4-3.2%, for 2026 – 4.2-3.8%, for 2027 – 4%. -0-
