Armenia’s consumer price index rose 4.5% in January-September 2026 compared with the same period of 2025, according to data published by the Statistical Committee. Compared with December 2025, the increase stood at 1.9%.
One of the sharpest increases was recorded in food and non-alcoholic beverages, where prices were up 7.2% year on year. Alcoholic beverages and tobacco products rose 8.1%, education increased 7.7%, and restaurant and hotel prices climbed 4.3%.
Clothing and footwear prices increased 2.3%, healthcare 3.7%, and transport 2.3%, while housing services, water, electricity, gas and other fuels rose 0.8%. Communication services were also up 0.8%.
Some categories posted declines. Recreation and culture prices fell 0.2% compared with January-September 2025, while miscellaneous goods and services dropped 2.8%.
In September alone, compared with September 2025, prices for food and non-alcoholic beverages rose 6.2%, non-food goods increased 2.4%, and service tariffs went up 2.9%. Compared with August, consumer prices in the republic rose 0.2% in September, while the Armenian dram’s settlement exchange rate against the US dollar fell 0.5%, meaning the dram appreciated.

