YEREVAN, August 5 — /ARKA/. According to the National Statistical Committee (NSC) of Armenia, 12-month inflation in the consumer market amounted to 3.4% in July of this year.
According to the NSC, deflation of 0.8% was observed in July compared to June.
From January to July of 2025, prices increased by 3.2% compared to the same period in 2024.
The state budget of Armenia sets inflation at 3% (±1%) for 2025. According to the Central Bank’s monetary policy report for the second quarter of this year, inflation in Armenia is expected to be between 3.4% and 3.2% by the end of 2025, depending on the scenario. The forecast for 2026 is between 3.2% and 2.9%, and the forecast for 2027 is between 3.2% and 3.1%.
The World Bank (WB) expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF predicts a 3.3% increase in prices in Armenia in 2025 and a 3% increase in 2026. According to ADB forecasts, inflation in Armenia will reach 2.5% in 2025. The EDB expects inflation in Armenia to reach 3.1% by the end of this year.
