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=== Inflation === For 2023 the IMF forecasts inflation at 3.5%, which is below most neighbouring countries.<ref>{{cite web |title=World Economic Outlook (October 2023) - Inflation rate, average consumer prices |url=https://www.imf.org/external/datamapper/PCPIPCH@WEO/MECA/ARM |publisher=International Monetary Fund |access-date=18 October 2023 |location=Washington, D.C. |date=5 October 2023 |archive-date=4 April 2023 |archive-url=https://web.archive.org/web/20230404200606/https://www.imf.org/external/datamapper/PCPIPCH@WEO/MECA/ARM |url-status=live }}</ref> The Armenian government projects inflation at 2.7% in 2019.<ref name=":12">{{Cite web|url=http://arka.am/en/news/economy/armenia_s_economy_is_expected_to_see_7_1_growth_in_2019_central_bank_official_says/|title=Armenia's economy is expected to see 7.1% growth in 2019, central bank official says|website=arka.am|date=5 November 2019 |access-date=2019-11-05|archive-date=2019-11-05|archive-url=https://web.archive.org/web/20191105184416/http://arka.am/en/news/economy/armenia_s_economy_is_expected_to_see_7_1_growth_in_2019_central_bank_official_says/|url-status=live}}</ref> The inflation rate in Armenia in 2020 was 1.21 percent, a 0.23 percent decrease over 2019, in 2019 was 1.44 percent, a 1.08 percent decrease over 2018, in 2018 was 2.52 percent, up 1.55 percent from 2017 and in 2017 was 0.97 percent, a 2.37 percent rise from 2016.<ref>{{Cite web|url=https://www.macrotrends.net/countries/ARM/armenia/inflation-rate-cpi|title=Armenia Inflation Rate 1994-2021|website=www.macrotrends.net|access-date=2021-12-14|archive-date=2021-12-14|archive-url=https://web.archive.org/web/20211214101645/https://www.macrotrends.net/countries/ARM/armenia/inflation-rate-cpi|url-status=live}}</ref>
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