Past daily of Armenia writes as follows, in particular: In March 2026, 12-month inflation [in Armenia] amounted to 4.5%, compared to 4.3% in February, continuing the acceleration trend and being above the upper limit of the inflation target range.

Referring to this statistical indicator, the Luys Foundation notes that this means that in conditions of high economic activity, price pressures from the demand side continue to persist, but there are also supply-side pressures due to regional tensions and possible supply problems arising as a result.

"In these conditions, monetary policy conditions have not yet been tightened, the refinancing interest rate has been maintained at 6.5%." The above indicator is worrying in itself, but the thing is that inflation is felt more objectively and tangibly for the most vulnerable groups. “Statistical” inflation includes the movement of prices for different product groups, and very often a number of non-primary consumption goods may become less expensive or not at all, while essential goods become more expensive.

This is almost always the case in Armenia, especially in recent times. It is noticeable to the naked eye that essential goods have been growing rapidly [in Armenia] in recent years, especially worsening the already not-so-good situation of the vulnerable class.

And if we add that new price increases were recorded in April: for fuel, vegetables, meat, etc., then the picture will become clearer. In short, the [Armenian] authorities and their “close” people are getting richer, while the people are getting poorer.