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Organized by of external communication materials Central Bank of Armenia (for example, inflation reports) Objective Duration 4 days To study theory, strategy and practical aspects

inflation, for example, core inflation. Why? Because it is impossible to strip out all the effects of increased VAT from these measures of underlying inflation.

the inflation forecast for 2026 has been raised to 4.5–5.5%. Inflation expectations remain elevated. This may impede a sustainable slowdown in inflation.

2026 2027 2028 (actual / estimate) Inflation, as % in December year-on-year 5.6 4.5–5.5 4.0 4.0 Inflation, average for the year,

Price Dynamics (Russian and English editions) Monthly Inflation Expectations and Consumer Sentiment (Russian and English editions) Monthly Inflation Expectations and Consumer Sentiment as Measured Based

the inflation forecast for 2026 has been raised to 4.5–5.5%. Inflation expectations remain elevated. This may impede a sustainable slowdown in inflation.

MPR findings by mid-2028. The analysis will comprise six work streams, specifically ‘Inflation target format’, ‘Operational framework of monetary policy’, ‘Retrospective assessment of the effectiveness

analyse the dynamics of inflation processes Russian Journal of Money and Finance, 1, 105-128 (2025) Tereshchenko D., Shcherbakov V. Regional inflation and the age structure

Households’ inflation expectations remain unchanged 3 February 2026 News Share VKontakte WhatsApp Telegram According to InFOM’s survey, the estimate of inflation expected by households

between cumulative non-food inflation since 2016 and CPI inflation and between CPI inflation and food inflation. However, the gap between cumulative services inflation excluding housing