Armenia’s consumer market posted 12-month inflation of 4.3% in September 2026, according to a report by the Statistical Committee of Armenia.
On a monthly basis, prices rose by 0.2% compared with August. For January-September 2026, prices were up 4.5% from the same period of 2025.
Armenia’s 2026 state budget is based on inflation of 3%, with a tolerance band of ±1%. The September reading was above that range.
According to the Central Bank’s third-quarter monetary policy report, inflation in Armenia is expected to end 2026 in the 4.5%-4.2% range, depending on the scenario (A-B).
For 2027, the central bank forecasts inflation will slow to 3.4%-2.7%.
