EDB names factors accelerating price growth for a number of goods in Armenia
08.09.2025,
10:35
The acceleration of price growth for food and non-food products is due to the dynamics of international food prices and prices for imported non-food products, according to the weekly macro review of the Eurasian Development Bank (EDB).
YEREVAN, September 8. /ARKA/. The acceleration of price growth for food and non-food products is due to the dynamics of international food prices and prices for imported non-food products, according to the weekly macro review of the Eurasian Development Bank (EDB).
“Inflation in Armenia amounted to 3.6% y/y in August after 3.4% y/y in July. In August, the growth of prices for food (4.9% y/y in August after 4.7% y/y a month earlier) and non-food products (1.1% y/y after 0.1% y/y a month earlier) accelerated. At the same time, inflation in the services sector slowed (3.2% y/y after 3.6% y/y a month earlier),” the study notes.
EDB analysts left unchanged their earlier forecast about maintaining consumer price growth near the Central Bank of Armenia's target (3±1%) this year.
In the state budget of Armenia for 2025, inflation is set at 3% (±1%). According to the Central Bank's report on monetary policy for the second quarter of this year, by the end of 2025, inflation in Armenia is expected to be 3.4-3.2% depending on the scenario (A-B), the forecast for 2026 is 3.2-2.9%, and for 2027 - 3.2-3.1%.
The WB expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF predicts that prices in Armenia will grow by 3.3% in 2025 and by 3% in 2026. According to ADB forecasts, inflation in Armenia in 2025 will be 2.5%. EDB expects inflation in Armenia at the end of the current year to be 3.1%.
“Inflation in Armenia amounted to 3.6% y/y in August after 3.4% y/y in July. In August, the growth of prices for food (4.9% y/y in August after 4.7% y/y a month earlier) and non-food products (1.1% y/y after 0.1% y/y a month earlier) accelerated. At the same time, inflation in the services sector slowed (3.2% y/y after 3.6% y/y a month earlier),” the study notes.
EDB analysts left unchanged their earlier forecast about maintaining consumer price growth near the Central Bank of Armenia's target (3±1%) this year.
In the state budget of Armenia for 2025, inflation is set at 3% (±1%). According to the Central Bank's report on monetary policy for the second quarter of this year, by the end of 2025, inflation in Armenia is expected to be 3.4-3.2% depending on the scenario (A-B), the forecast for 2026 is 3.2-2.9%, and for 2027 - 3.2-3.1%.
The WB expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF predicts that prices in Armenia will grow by 3.3% in 2025 and by 3% in 2026. According to ADB forecasts, inflation in Armenia in 2025 will be 2.5%. EDB expects inflation in Armenia at the end of the current year to be 3.1%.
