ArmInfo. In Armenia, the industrial price index in January-October 2025 was 103.3% (compared to 103.1% in the same period in 2024). This slight change in the indicator is occurring alongside a decline in the annual dynamics of the industrial sector, shifting from double-digit 11.7% growth to a 3% decline, with a volume of 2.4 trillion drams ($6.2 billion), as evidenced by preliminary data from the RA Statistics Committee. According to statistics, the industrial price index also increased to 105.2% in October 2025 compared to October 2024 (up from 104.9% the previous year). During this period, the industrial sector showed double-digit growth of 17.9%, while the previous year's growth rate was relatively moderate at 5.3%.
Notably, inflation in the Armenian consumer market increased significantly during these periods. Specifically, in January-October 2025, compared to the same period in 2024, inflation reached 3.3% (up from zero the previous year). In October 2025 compared to October 2024, it increased to 3.7% (up from 0.6% the previous year). Moreover, the increase in consumer inflation in 2025 was largely due to rising food prices: by 5.3% annually in January-October and by 5.7% annually in October. Simultaneously, utility rates continued to rise during these periods (by 3-2.9%). For comparison, in 2024, the following food price dynamics were recorded during the same periods: a 1.9% decline in January-October and a 0.1% decline in October. Additionally, an increase in utility prices was observed during these periods (by 3- 3.3%).
It is worth noting that annual economic activity growth in Armenia in January-October 2025 remained at 8.1% (repeating last year's dynamics). There was a noticeable acceleration in annual growth in October of this year - from 4.2% to 10.1%. However, there has been a deterioration in the annual dynamics of foreign trade turnover in January-October 2025, with a 37.1% decline compared to last year's 67.6% growth. This decline is a result of a decrease in both exports by 44.7% (compared to a 95.1% growth a year ago) and imports by 31.2% (compared to a 50.8% growth a year ago). Moreover, in October 2025, compared to October 2024, the volume of foreign trade decreased by 16%, with exports dropping by 21.8% and imports by 11.9%. In October 2024, compared to October 2023, the volume of foreign trade only slowed in growth to 12.9% due to a slowdown in import growth to 6.6% with an acceleration in export growth to 23.1%. (The average exchange rate of the dram in January-October 2025 was AMD 388.06 /$1). -0-
