Armenia inflation rate for 2023 was 1.98%, a 6.66% decline from 2022.
Armenia inflation rate for 2022 was 8.64%, a 1.46% increase from 2021.
Armenia inflation rate for 2021 was 7.18%, a 5.97% increase from 2020.
Armenia inflation rate for 2020 was 1.21%, a 0.23% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
