Industrial price index 103.8% in Armenia in Jan-Dec 2025 as against  103.6% in Jan-Dec 2024

ArmInfo. In Armenia, the industrial price index increased to 103.8% in January-December 2025, up from 103.6% in the same period of 2024. This was observed against the backdrop of continued annual growth in the industrial sector at 4.7%, reaching 3.3 trillion drams ($8.6 billion). This is according  to preliminary data from the RA Statistics Committee.

According to statistics, the industrial price index increased more  significantly in December 2025 compared to December 2024, reaching  106.5% (from 105.7% in December 2024 compared to December 2023).   During this period, the industrial sector demonstrated strong growth  of 38.6%, compared to a double-digit decline of 14.8% the year  before.

Notably, inflation in the Armenian consumer market increased  significantly during these periods. Specifically, from January to  December 2025, annual inflation increased from 0.3% to 3.5%, and from  December 2025 to December 2024, inflation was recorded at 3.3%  (compared to 1.5% the year before). Moreover, such an increase in  inflation was mainly supported by the food market, where food prices  in January-December 2025 increased by 5.1% compared to the same  period in 2024, and in December 2025 compared to December 2024 even  increased by 4.6%, whereas a year earlier, food prices in  January-December 2024 decreased by 1.2% per annum, and in December  2024 increased by 2.2% per annum. At the same time, tariffs for  services continue to grow: in January-December 2025 - by 3% per  annum, and in December 2025 - by 3.1% per annum, repeating the  picture of the previous year - by 3% per annum in January- December  2024 and 2.5% per annum in December 2024, respectively.

It is worth noting that this is accompanied by an acceleration in  economic activity growth in Armenia in January-December 2025 from 8%  to 9.1% per annum, and in December 2025 to December 2024 - from 4.7%  to 14%. At the same time, the annual dynamics of foreign trade  turnover reversed in January-December 2025 from 41.5% growth towards  a 29.5% decline, as a result of a deterioration in the dynamics of  both exports and imports from 53.1-33.8% growth to 36.1-23.6%  decline. However, in December 2025, compared to December 2024,  foreign trade turnover showed a 32% increase due to an increase in  both exports by 34.3% and imports by 30.4%, while a year earlier in  December 2024, compared to December 2023, foreign trade turnover was  in decline by 37.3% due to a decline in exports by 48.6% and imports  by 26.5%. (The average exchange rate of the dram against the US  dollar in January-December 2025 was 387.01 drams/$1).