ArmInfo. In Armenia, the industrial price index increased from 102% to 108.9% in January-April 2026 compared to the same period in 2025. This was observed against the backdrop of an improvement in the annual dynamics of the industrial sector, from a 16.1% decline to a 13% increase, achieving a volume of 1.003 trillion drams ($2.7 billion).
This is evidenced by preliminary data from the Statistical Committee of the Republic of Armenia. In April 2026, compared to April 2025, the industrial price index also increased from 101.9% to 107.9%. During this period, the industrial sector also recovered from an 8.7% decline to double-digit growth of 11.7%.
Notably, inflation was recorded in the Armenian consumer market during these periods. Specifically, in January-April 2026, compared to the same period in 2025, inflation was 4.5%, and in April 2026, compared to April 2025, inflation was 5.3%, compared to lower inflation rates of 2.7% and 3.2% in the same periods a year earlier.
Moreover, consumer price inflation was primarily driven by rising food prices: by 7.5% in January-April 2026 compared to the same period in 2025, and by 9.3% in April 2026 compared to April 2025. While a year earlier, slightly more restrained food price increases were recorded during these same periods: 4.4% and 5.3%, respectively. At the same time, services continue to rise in price: by 2.8% in January-April 2026 compared to the same period in 2025, and by almost the same 2.6% in April 2026 compared to April 2025, compared to a similar rate of 2.7% a year ago.
It's worth noting that this is accompanied by an acceleration in economic activity growth in Armenia in January-April 2026, from 4.4% to 6.9% per annum, and from 5.4% to 7.1% in April 2026 to April 2025. At the same time, an improvement in the annual dynamics of foreign trade turnover in January-April 2026 is observed, reaching 0.3% growth from a 52.9% decline in the same period of 2025. This is due to import dynamics recovering from a 46.5% decline to 2.5% growth and a sharp slowdown in the decline in exports, from 60.4% to 3.3%.
Moreover, in April 2026, compared to April 2025, the volume of foreign trade slowed significantly in decline from 50.1% to 13.8% as a result of a noticeable slowdown in the decline in exports and imports from 57.3-43.8% to 25.9-5.8%. (The average exchange rate of the dram in January-April 2026 was 377.28 drams/$1).
