Armenia’s annual inflation stands at 4.3% in October
Armenia’s 12-month inflation was 4.3% in October 2026, with prices up 0.3% from September. According to the Statistical Committee of Armenia, consumer prices have risen 2.4% since the start of the year (against December 2025), and averaged 4.5% higher in January–October than in the same period last year.
Inflation remains above the Central Bank of Armenia’s (CBA) 3% target. Prices of goods were up 4.9% year on year and service tariffs 3.2%. Inflation in food, beverages and tobacco reached 5.9%, and in non-food goods 2.8%.
Alcoholic beverages and tobacco saw the biggest increase, at 7.6%. Prices of food and non-alcoholic beverages, as well as in restaurants and hotels, rose 5.6%, clothing and footwear 4.2%, and housing services, water, electricity, gas and other fuels 3.5%. Health and education became 3.2% more expensive and transport 2.4%, while the smallest changes were in recreation and culture (0.7%) and communication (0.3%).
Food and non-alcoholic beverages accounted for more than half of annual inflation, 2.2 percentage points out of 4.3%. Meat prices climbed 10.8% year on year (a contribution of 1.15 points), including beef at 22.2%. Eggs went up 19.4%, and the dairy, cheese and eggs group 8%. Fish and seafood, by contrast, fell 17.8%, fresh trout 22.2% and butter 5.3%.
Compared with September, the largest increases were in clothing and footwear (1.8%) and in recreation and culture (1%). Vegetable prices rose 4.6%, while fruit prices dropped 5.4%. Transport prices declined 0.5% over the month as transport services became 4.1% cheaper, even though petrol rose 5% and diesel 4.7%. Over the year, cabbage became 80.8% more expensive and apples 29.1%.
In September, Armenia’s annual inflation (4.3%) was higher than the EU average (3.8%) and the US (3.7%), but lower than in Georgia (5.6%), Russia (6.3%) and Kazakhstan (9.3%).
