Armenia consumer prices · November 2026

Armenia consumer prices · November 2026 is scheduled for Saturday 5 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.

Headline CPI: 12-month and monthly change for all items — the benchmark for the CBA's 4% inflation target. Food and non-food split: Food is typically the largest and most volatile component; non-food tracks domestic demand and import costs. Services: Services inflation reflects domestic labour costs and is the stickiest component. Annual average: The calendar-year average — used for the World Bank WDI and IMF WEO annual series. For detailed definitions of each measure, see the IMF inflation methodology.

Check against the CBA target band — The CBA targets 4% ±1.5 pts (band: 2.5–5.5%). October came in at 4.1% — inside the band. A November reading above 5.5% would trigger a required explanatory statement from the CBA. Watch food inflation — Food accounts for roughly 40% of the Armenian CPI basket — much higher than in the US (14%) or euro area (20%). A swing in food prices has an outsized effect on headline. Check the FAO Food Price Index for the global backdrop. Context: December CBA decision — The CBA board meets in December to set the refinancing rate. November CPI is the last major data point before that decision. A reading above 4.5% could prompt discussion of a rate increase. 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 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.

Going into this release: CPI, October was 4.1% (Up from 3.9% in September); Food inflation, October was 6.2% (Largest contributor); CBA target band was 2.5–5.5% (4% ±1.5 pts target); CBA refinancing rate was 8.25% (Held at Nov meeting). Historical releases and revisions are archived in the World Bank WDI inflation series.