Armenia registers 7.4% inflation rate

Armenia has registered a 7.4% inflation rate in March 2022, according to the Statistical Committee, in response to a CivilNet inquiry.

In the last year, an inflation rate of 12.8% was registered for food and non-alcoholic beverages. Between February and March 2022, the prices for food and non-alcoholic beverages increased by a significant 2.3%.

The price of bread, flour and pasta in March 2022 increased by 12.3%, 10.8% and 18.2%, respectively, compared to March 2021. The prices of beech, rice, lentils and buckwheat increased by 16.2%, 16.8%, 28.0% and 37.2%, respectively.

Fresh milk saw a 12-month inflation rate of 9.5%, whilst the price of butter increased by 10.7%. The prices for poultry, lamb and beef in March 2022 increased by 7.4%, 7.5% and 9.1%, respectively, compared to March 2021. In the same period, a whopping 24.7% inflation rate was registered for sugar.

In terms of non-food products, in the same period, a general 4.8% inflation was registered for non-food items. Gasoline prices went up by 25.4% over the past year, whilst diesel prices increased by 39.9%.