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).
