DATA RELEASEARMENIAMONTHLY

Armenia consumer prices · November 2026

The Statistical Committee of Armenia publishes the Consumer Price Index for November 2026. The October reading was 4.1%, continuing a gradual easing from the Q1 2026 peak. Markets watch for further evidence of disinflation before the Central Bank of Armenia's December rate decision.

Thursday 10 December 2026 12:00 AMT Online · armstat.am
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Where things stand going in

Previous release · 11 Nov 2026
Armenia CPI, Oct 2026
4.1%
Down from 4.2% in September
Food CPI, Oct 2026
3.7%
Largest basket component (~35%)
CBA refinancing rate
8.0%
On hold since August 2026
AMD/USD (Oct avg)
388
Relatively firm vs 2025 avg 402

What gets published

Headline CPI

All-items year-on-year and month-on-month CPI for Armenia, published in the monthly bulletin.

Component breakdown

Food, housing, transport, clothing, health, education — each major COICOP group with its individual rate.

Index level

The CPI index level (base period = 100), enabling cumulative inflation calculations across any period.

How to read it

1
Focus on the food component first

Food and non-alcoholic beverages make up ~35% of Armenia's CPI basket. The food component reading often determines whether the headline beats or misses expectations.

Basket →
2
Check transport and energy

Armenia imports most of its fuel. Transport and utilities together account for about 15% of the basket and are highly sensitive to oil prices and the dram exchange rate.

Exchange rate pass-through →
3
Compare to the CBA 4% target

The Central Bank of Armenia targets 4% CPI (±1.5 pp band). A reading below 3.5% or above 5.5% would typically prompt a policy response discussion at the next board meeting.

Inflation target →

On the day

December 2026 · times in AMT
12:00
Armstat publishes November CPI bulletin RELEASE

Full CPI bulletin including component breakdown published on armstat.am.

14:00
Armenia page updated EXPLORER

Explorer updated with November figures. Compare Armenia to all other countries in the chart.

Evening
Release story in News NEWS

November CPI in context: disinflation progress, key components, and CBA policy implications.

Around this event

Frequently asked questions

When is Armenia consumer prices · November 2026 released?
Armenia consumer prices · November 2026 is scheduled for Thursday 10 December 2026 at 12:00 AMT. The data covers November 2026. The next release in the series is expected on December 2026 data · January 2027.
What does Statistical Committee of Armenia (Armstat) publish in this release?
Headline CPI: All-items year-on-year and month-on-month CPI for Armenia, published in the monthly bulletin. Component breakdown: Food, housing, transport, clothing, health, education — each major COICOP group with its individual rate. Index level: The CPI index level (base period = 100), enabling cumulative inflation calculations across any period. For detailed definitions of each measure, see the IMF inflation methodology.
How do I read the headline inflation number?
Focus on the food component first — Food and non-alcoholic beverages make up ~35% of Armenia's CPI basket. The food component reading often determines whether the headline beats or misses expectations. Check transport and energy — Armenia imports most of its fuel. Transport and utilities together account for about 15% of the basket and are highly sensitive to oil prices and the dram exchange rate. Compare to the CBA 4% target — The Central Bank of Armenia targets 4% CPI (±1.5 pp band). A reading below 3.5% or above 5.5% would typically prompt a policy response discussion at the next board meeting. For a deeper explanation of how consumer price indices are constructed, the IMF's primer on inflation is a reliable starting point.
Where can I follow the release live?
The official source is Online · armstat.am. Times shown are in AMT — see the time-zone table on this page for your local equivalent. The Federal Reserve's economic data page and ECB statistics portal also carry same-day updates.
How does this compare to the previous release?
Going into this release: Armenia CPI, Oct 2026 was 4.1% (Down from 4.2% in September); Food CPI, Oct 2026 was 3.7% (Largest basket component (~35%)); CBA refinancing rate was 8.0% (On hold since August 2026); AMD/USD (Oct avg) was 388 (Relatively firm vs 2025 avg 402). Historical releases and revisions are archived in the World Bank WDI inflation series.