YEREVAN, November 4. /ARKA/. The slight rise in inflation to 3.7% is mainly influenced by demand factors, as stated by Martin Galstyan, the head of the Central Bank of Armenia.
“Typically, central banks do not respond to this. Our main focus is on managing inflation driven by demand. We are experiencing robust economic growth alongside low inflation,” Galstyan remarked during a press conference on Tuesday.
As per the Armstat report, the 12-month inflation rate in the Armenian consumer market was 3.7% in September of this year. Additionally, the National Statistics Committee reported that inflation in September rose by 0.3% compared to August.
Simultaneously, prices saw a 3.3% increase from January to September 2025 compared to the same timeframe in 2024.
The state budget of Armenia for 2025 anticipates inflation at 3% (±1%). The Central Bank’s monetary policy report for the third quarter of this year predicts that inflation in Armenia will be between 4.1% and 3.7% by the end of 2025, depending on different scenarios (A-B), with forecasts of 3.7% to 3.2% for 2026 and 3% for 2027.
The World Bank projects that inflation in Armenia will be 3.5% in 2025 and 4% in 2026. The IMF estimates that prices will rise by 3.3% in 2025 and 3% in 2026. The Asian Development Bank (ADB) anticipates inflation to be 2.5% in 2025. The Eurasian Development Bank (EDB) expects inflation to reach 3.1% by the end of this year.-0-
