In Armenia, annual inflation rate increased to 3.2% in April due to higher prices for food and services

ArmInfo. In Armenia, a four-month inflation rate of 2.5% was driven by increases in food and services, which rose by 4.9% and 1.1%, respectively, while the prices of non-food products decreased by 0.4%. A similar trend was observed the previous year, but during January-April 2024, inflation was lower - 0.8%. This lower rate was also attributed to a rise  in food prices by 1.8% and an increase in service prices by 0.9%, while non-food products saw a decrease in prices by 1.6%. This is evidenced by  data  from the RA Statistical Committee. 

In January-April 2025, compared to the same period in 2024, consumer market inflation  was 2.7% (against a deflationary 1.1% a year earlier). This inflation was primarily driven by a 4.4% increase in food prices and a 2.7%  in service prices. offset by  a 0.9% decrease in  non-food product prices, whereas a year ago food products fell in price by 4.5%, and non-food products and services increased in price by 0.2% and 2.9%, respectively. In April 2025, compared to April 2024, inflation stood at 3.2%, against a deflationary 0.7% in April  2024 compared to April 2023. This inflation was the result of an  increase in prices for food products by 5.3% and services by 2.7%, with a decrease in prices for non-food products by 0.5%. In comparison,  in April 2024,  prices for food and non-food products had decreased by 3.3% and 0.5%, respectively, while tariffs for services had  increased by 2.8%. On a monthly basis, the inflation rate remained 0,5%, with a slight increase to 0.6%  in April  compared to the previous year. This increase  was the result of an acceleration in the growth of food prices from 0.7% to 1.2% and a slowdown in the growth of tariffs for services from 0.3% to 0.1%, with a reversal in the dynamics of prices for non-food products from 0.1% growth towards a 0.2% decline. 

In April, 2024,  there was a 1.3%  increase in the price of food and a 0.2%  in the prices of services, along with a decrease in the price of non-food products by 0.3%. April inflation in the consumer market (0.5%) was accompanied by a revaluation of the dram against the dollar by 0.5%, repeating last year's trend, when April saw inflation  at 0.6% and a 2.4%. revaluation of the dram against the dollar. In January-April 2025, inflation in the consumer market (2.5%) was accompanied by a revaluation of the dram against the dollar by 1.5%, while a year earlier, with lower inflation of 0.8%, a more pronounced revaluation of the dram against the dollar by 3.3% was observed. In  April 2025, compared to April 2024, the dram strengthened against the dollar by 0.1%, amounting to AMD 390.7/$1 with inflation at 3.2%, against  AMD 391 /$1 (with an annual devaluation of 0.8%) with an annual deflation of 0.7% in April 2024.  Note that starting from 2025, the inflation target is set at 3% with a tolerance range of +/- 1 percentage point (compared to the previous 4%, +/- 1.5 percentage points). The RA Law "On the State Budget of Armenia for 2025" specifies that the Central Bank will henceforth be guided by the new inflation target (3%, +/- 1 percentage point) when making decisions on monetary policy.