ArmInfo. According to preliminary data from the Statistical Committee of the Republic of Armenia, the industrial price index increased from 102.2% to 109% in January-February 2026 compared to the same period in 2025. This improvement was seen alongside a positive shift in the annual dynamics of the industrial sector-from a 19.4% decline to a double-digit 17.2% growth, reaching 491.5 billion drams ($1.3 billion).
According to statistics, the industrial price index also rose in February 2026 compared to February 2025- from 101.6% to 109.5%. During this period, the industrial sector demonstrated a more significant double-digit growth of 23.8%, compared to a significant decline of 26.6% a year ago.
Notably, inflation was recorded in the Armenian consumer market during these periods. Specifically, in January-February 2026, compared to the same period in 2025, inflation was 4.1%. In February 2026, compared to February 2025, inflation was 4.3%, which was higher than inflation rates of 2.1% and 2.5%, respectively, during these same periods a year earlier. Moreover, the acceleration of inflation in the consumer market was supported to a greater extent by the accelerating growth in food prices and, to a slightly lesser extent, by the continuing rise in prices of services: in January-February 2026, compared to the same period in 2025, food prices increased by 6.5%, and services increased by 2.9%. This trend was also noted in February 2026 compared to February 2025, when the growth in prices of food and services amounted to 6.9% and 3.2%, respectively. This trend, although less noticeable, was already visible a year earlier: in January-February 2025, compared to the same period in 2024, the growth in prices of food and services amounted to 3.6% and 2.1%, respectively. In February 2025, compared to February 2024 - 4.6% and 1.5%, respectively.
It is worth noting that this is accompanied by an acceleration of economic activity growth in Armenia in January-February 2026 from 4.1% to 7.4% per annum, and in February 2026 to February 2025 - from 1.5% to 7.2%. At the same time, an improvement in the annual dynamics of foreign trade turnover is observed in January-February 2026 with an increase of 9.3% (from a 52% decline a year earlier), as a result of increased volumes of both exports - by 12.6%, and imports - by 7.3% (against a significant decline in both exports and imports a year ago by 59.7% and 45.8%, respectively). Moreover, in February 2026, compared to February 2025, the volume of foreign trade increased more noticeably - by 30.8% due to growth in exports by 37.6% and imports by 26.9%, whereas a year earlier in February 2025, compared to February 2024, foreign trade turnover fell at a significant rate (61%) due to a significant reduction in exports by 67.7% and imports by 55.2%. (The average exchange rate of the dram in January-February 2026 was AMD 378.76 /$1).
