Armenia consumer prices · December 2026

Armenia consumer prices · December 2026 is scheduled for THU 14 JAN 2027 at 12:00 AMT · 08:00 UTC. The data covers December 2026. The next release in the series is expected on January 2027 CPI · February 2027.

Headline CPI: Year-on-year and month-on-month CPI for December 2026 — the final month of the year. Category breakdown: Food, non-food goods, and services CPI rates and contributions. Annual average 2026: The 12-month average CPI rate for the full year — the CBA's official accountability benchmark. Core CPI: CPI excluding volatile food and energy components. For detailed definitions of each measure, see the IMF inflation methodology.

Annual average is the CBA's target benchmark — The Central Bank of Armenia targets annual average CPI at 4% ±1.5 pp (2.5–5.5%). The December release enables the final annual average calculation. If the average is within band, the CBA is deemed to have met its mandate. If outside, it publishes an explanatory letter to the government. Food weight is high — watch commodity pass-through — Food accounts for roughly 40% of Armenia's CPI basket. Global grain, oil, and dairy prices pass through to Armenian consumer prices relatively quickly because Armenia imports most of its food. A spike in the FAO Food Price Index typically appears in Armenian CPI within 1–2 months. AMD exchange rate matters — Armenia's dram (AMD) is managed against a basket of currencies. A weaker AMD raises the cost of all imports. Since 2022, large inflows of Russian capital and remittances have kept the AMD strong, actually suppressing imported inflation — a unique feature of Armenia's post-2022 macroeconomic situation. For a deeper explanation of how consumer price indices are constructed, the IMF's primer on inflation is a reliable starting point.

The official source is Statistical Committee of Armenia (Armstat). Times shown are in UTC — 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.

Going into this release: Armenia CPI (Nov 2026) was 3.2% (Year-on-year; within CBA 4% ±1.5 pp band); Food CPI (Nov 2026) was 4.1% (Largest component; import-driven); CBA policy rate was 8.25% (Held at November 2026 meeting); 2026 annual average (est.) was ~3.5% (Down from 8.6% peak in 2022). Historical releases and revisions are archived in the World Bank WDI inflation series.