Inflation in Armenia reaches the Central Bank’s target range – EDB

|

USD

389.56

EUR

444.14

RUB

4.7117

GEL

141.74

Economy

10.03.2025, 10:29

Inflation has reached the target range set by the Central Bank of Armenia, according to the weekly macroeconomic review by the Eurasian Development Bank (EDB).

Inflation in Armenia reaches the Central Bank’s target range – EDB

YEREVAN, March 10. /ARKA/. Inflation has reached the target range set by the Central Bank of Armenia, according to the weekly macroeconomic review by the Eurasian Development Bank (EDB).

In Armenia's state budget for 2025, inflation is projected to be 3% (±1%). Consumer price growth accelerated to 2.5% year-on-year (y/y) in February, compared to 1.7% y/y in January.

"The acceleration of price growth was driven by the rise in food prices (+4.5% y/y in February, up from +2.5% y/y the previous month) and a slowdown in the pace of price decreases in the non-food segment (-0.3% y/y after -1.5% y/y)," the report states.

EDB analysts have confirmed their earlier forecast of accelerating price growth in the coming months, with inflation expected to remain close to the Central Bank of Armenia's target.

Inflation forecasts

According to the Central Bank's monetary policy report for the fourth quarter of last year, inflation in Armenia is expected to be within the range of 3.9-3.2% by the end of 2025, with forecasts for 2026 at 4.2-3.8% and for 2027 at 4%.

The World Bank expects inflation in Armenia to be 3.5% in 2025 and 4% in 2026. The IMF predicts that prices in Armenia will rise by 3.7% in 2025. According to ADB forecasts, inflation in Armenia will be 2.5% in 2025. The EDB expects inflation to reach 3.1% by the end of this year.

International tender announced in Armenia for construction of Kajaran tunnel

An international tender for the construction of the Kajaran tunnel in the Syunik region in the south of the country has been announced in Armenia, the Road Department Foundation of the Armenian Ministry of Territorial Administration and Infrastructure reports.

24.04.2025 12:21

Unemployment in Armenia rose to 13.9% in 2024 from 12.4% a year earlier – WB

Growth in Armenia's economic activity slowed to 1.5 percent (yoy) in February 2025, down from 7.1 percent (yoy) in January, the World Bank said in its latest Armenia monthly economic update – April 2025.

23.04.2025 17:35

Armenia to allocate 500 thousand euros to support agricultural insurance in cooperation with KfW

Armenia plans to provide 500 thousand euros for consulting and technical support within the framework of the program to support the insurance scheme in the agricultural sector.

23.04.2025 11:50

IMF Lowers Growth Forecast for Armenia in 2025

The International Monetary Fund (IMF) has revised its growth forecast for Armenia's economy, now anticipating a rise of 4.5% by the end of 2025, according to the latest April edition of the World Economic Outlook report.

23.04.2025 10:19

Armenia and Tajikistan Discuss Possibilities of Expanding Economic Cooperation

The fourth meeting of the Intergovernmental Commission on Economic Cooperation between Armenia and Tajikistan was held in Dushanbe, the press service of the Armenian Ministry of Economy reported.

22.04.2025 16:00

Armenia proposed China to establish joint ventures in textile industry

The prospects of the Armenian textile industry were discussed at a meeting of the Ministry of Economy of Armenia with a delegation of the Association for the Promotion of Foreign Markets of the city of Shaoxing Keqiao (China), famous for its textiles.

22.04.2025 10:45

Armenia's state interests lie in its economic development - Pashinyan

Armenian Prime Minister Nikol Pashinyan, speaking at a business conference titled “Enhancing the Competitiveness of Armenia's Economy by Improving Policy and Governance,” said that this forum is dedicated to how the government and the private sector serve Armenia's state interests, recognizing that they lie in economic development.

18.04.2025 14:52

WB to provide $100 mln to Armenia to increase the role of tourism in economy and remove barriers

The World Bank Group’s Board of Executive Directors today approved a $100 million project to improve access to resilient infrastructure and strengthen the role of tourism in the economy of Armenia.

18.04.2025 12:17