Armenia — Inflation
Inflation, Consumer Prices (Annual %) for Armenia, 1994–2025.
Inflation for Armenia was 3.31% in 2025, according to the latest World Bank data. The series covers 32 years, from 1994 to 2025. The highest recorded value was 3373.76% in 1994. The lowest was -1.40% in 2016 (about -2.4× the low point). Across that span the compound annual growth rate works out to -20.03% per year.
Armenia ranks 89 of 187 economies on this measure (1 = highest), putting it in the top 48%. The median for Europe & Central Asia is 3.75%, so Armenia sits below it. It peaked in 1994 and has fallen 100% since. Over the last decade (2015–2025) the figure moved down 11%. Within Europe & Central Asia it ranks 29 of 49 economies; Netherlands (3.20%) is just below it. Its sharpest one-year move was up 1127% in 2025. That is 22% above this series' own ten-year average.
Data highlights
World ranking. Slipped: 2nd of 151 in 1994 → 153rd of 163 in 2000 → 22nd of 186 in 2010 → 108th of 178 in 2020 → 79th of 169 in 2025.
Key figures
Full history — 1994 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.31% | +3.0 pp |
| 2024 | 0.27% | -1.7 pp |
| 2023 | 1.98% | -6.7 pp |
| 2022 | 8.64% | +1.5 pp |
| 2021 | 7.18% | +6.0 pp |
| 2020 | 1.21% | -0.2 pp |
| 2019 | 1.44% | -1.1 pp |
| 2018 | 2.52% | +1.6 pp |
| 2017 | 0.97% | +2.4 pp |
| 2016 | -1.4% | -5.1 pp |
| 2015 | 3.73% | +0.8 pp |
| 2014 | 2.98% | -2.8 pp |
| 2013 | 5.79% | +3.2 pp |
| 2012 | 2.56% | -5.1 pp |
| 2011 | 7.65% | -0.5 pp |
| 2010 | 8.18% | +4.8 pp |
| 2009 | 3.41% | -5.5 pp |
| 2008 | 8.95% | +4.5 pp |
| 2007 | 4.41% | +1.5 pp |
| 2006 | 2.89% | +2.3 pp |
| 2005 | 0.64% | -6.3 pp |
| 2004 | 6.96% | +2.2 pp |
| 2003 | 4.72% | +3.7 pp |
| 2002 | 1.06% | -2.1 pp |
| 2001 | 3.15% | +3.9 pp |
| 2000 | -0.79% | -1.4 pp |
| 1999 | 0.65% | -8.0 pp |
| 1998 | 8.67% | -5.3 pp |
| 1997 | 13.96% | -4.7 pp |
| 1996 | 18.68% | -157.3 pp |
| 1995 | 175.95% | -3197.8 pp |
| 1994 | 3,373.76% | — |
Frequently asked questions
What was Armenia’s Inflation in 1995?
175.95% (1995). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Armenia’s Inflation growing or shrinking?
Between 1994 and 2025 the series was shrinking overall: -99.9% in total — about 20.0% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.31%; 2024: 0.27%; 2023: 1.98%; 2022: 8.64%; 2021: 7.18%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.