ArmInfo.In Armenia, the industrial price index decreased from 102.9% to 102.8% in January-August 2025 compared to the same period in 2024. This decline was noted alongside a shift in the annual dynamics of the industrial sector, moving from a 13.7% growth to a 7.8% decline, with a volume of 1.8 trillion drams ($4.5 billion), according to preliminary data from the RA Statistics Committee.
In August 2025, compared to August 2024, the industrial price index increased from 103.5% to 105.1%. This increase occurred as the industrial sector's growth accelerated from 2.1% to 5.8%.
During these periods, inflation was recorded in the Armenian consumer market. Specifically, in January- August 2025, compared to the same period in 2024, inflation was 3.2% compared to compared to August 2024. In August 2025, inflation was 3.6%, compared to a deflationary 0.1% and an inflationary 1.3%, recorded in the same periods a year earlier. Moreover, inflation in the consumer market was mainly supported by an increase in food prices: in January-August 2025 compared to the same period in 2024 - by 5.1%, and in August 2025 to August 2024 - by 5%. In January-August 2024 an annual decline in food prices of 2.3% was recorded and in August 2024 there was an annual price increase of 1.3%. At the same time, services continue to rise in price: by 3% in January-August 2025 compared to the same period in 2024 and by 3.2% in August 2025 compared to August 2024, against almost similar growth rates a year ago - 2.9% and 3.3%, respectively.
It is worth noting that this is accompanied by a slowdown in economic activity growth in Armenia in January-August 2025 from 9% to 7.1% per annum, and an acceleration of growth from 5.6% to 7.5% in August 2025 to August 2024. Additionally, there has been a deterioration in the annual dynamics of foreign trade turnover in January-August 2025 with a 41.1% decline from 70.9% growth in the same period of 2024. This decline is a result of a decline in both exports - by 48.8%, and imports - by 34.9% (against a significant growth of both exports and imports a year ago by 2.1 times and 86.8%, respectively). Moreover, in August 2025, compared to August 2024, the volume of foreign trade fell by 33.7% due to a reduction in exports by 40.8% and imports by 28.3%, while a year earlier in August 2024, compared to August 2023, foreign trade turnover showed an increase of 33.3%, largely due to an increase in exports by 58.1%, rather than imports by 18.7%. (The average exchange rate of the dram in January-August 2025 was AMD 389.39 drams/$1).
