YEREVAN, September 30. /ARKA/. Annual inflation rose to 3.6 percent in August, up from 3.4 percent in July, according to the World Bank’s “Armenia Monthly Economic Update – September 2025.”
“Inflation remained high for food and non-alcoholic beverages (4.9 percent), alcoholic beverages (6.6 percent), education (7.8 percent), and transport (6 percent),” the study notes.
Inflation Figures and Forecasts
Armenia’s 2025 state budget projects inflation at 3% (±1%). According to the Central Bank’s monetary policy report for the second quarter of this year, inflation in Armenia is expected to be 3.4-3.2% by the end of 2025, depending on scenario (A-B), with a forecast of 3.2-2.9% for 2026 and 3.2-3.1% for 2027.
The World Bank expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF forecasts prices in Armenia to grow by 3.3% in 2025 and 3% in 2026. The Asian Development Bank (ADB) forecasts inflation in Armenia to be 2.5% in 2025. The Eurasian Development Bank (EDB) expects inflation in Armenia to be 3.1% by the end of this year.-0-
