diff --git a/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.cpp b/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.cpp
index dc872b47e80129..5cda942f408ccb 100644
--- a/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.cpp
+++ b/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.cpp
@@ -3,6 +3,7 @@
 //
 
 #include "jit_uni_eltwise_generic.hpp"
+#include "ie_ngraph_utils.hpp"
 
 namespace ov {
 namespace intel_cpu {
@@ -35,13 +36,7 @@ template <dnnl::impl::cpu::aarch64::cpu_isa_t isa>
 void jit_uni_eltwise_generic<isa>::generate() {
     preamble();
 
-    const auto get_precision = []() {
-        // TODO: debug: not completed
-        const InferenceEngine::Precision exec_prc = InferenceEngine::Precision::FP32;
-        //const InferenceEngine::Precision exec_prc = InferenceEngine::Precision::FP16;
-        return exec_prc;
-    };
-    const auto exec_prc = get_precision();
+    auto const exec_prc = eltwise_precision_helper::get_precision(jep_.inputs_number, jep_.src_prc, eltwise_data_);
 
     eltwise_emitter = create_eltwise_emitter(eltwise_data_.front(), exec_prc);
     for (size_t i = 1; i < eltwise_data_.size(); ++i) {
@@ -398,7 +393,6 @@ std::shared_ptr<jit_emitter> jit_uni_eltwise_generic<isa>::create_eltwise_emitte
     OV_CASE(Algorithm::EltwiseAdd, ov::intel_cpu::aarch64::jit_add_emitter),
     OV_CASE(Algorithm::EltwiseMulAdd, ov::intel_cpu::aarch64::jit_mul_add_emitter),
     OV_CASE(Algorithm::EltwiseMultiply, ov::intel_cpu::aarch64::jit_multiply_emitter),
-    OV_CASE(Algorithm::EltwisePowerDynamic, ov::intel_cpu::aarch64::jit_power_emitter),
     OV_CASE(Algorithm::EltwisePowerStatic, ov::intel_cpu::aarch64::jit_power_emitter),
     OV_CASE(Algorithm::EltwiseRelu, ov::intel_cpu::aarch64::jit_relu_emitter));
 
@@ -459,6 +453,120 @@ void jit_uni_eltwise_generic<isa>::apply_post_ops() {
     }
 }
 
+namespace {
+
+// TODO: copy/paste: refactor
+template<typename T>
+struct SupportedPrecisions {
+    void operator()(std::set<std::vector<element::Type>> &precisions) {
+        precisions = T::get_supported_precisions();
+    }
+};
+
+// TODO: copy/paste: refactor
+static void set_intersection(const std::set<std::vector<element::Type>>& precisions1,
+                      const std::set<std::vector<element::Type>>& precisions2,
+                      std::set<std::vector<element::Type>>& intersection) {
+    std::map<element::Type, size_t> intersection_types;
+
+    for (auto it1 = precisions1.begin(); it1 != precisions1.end(); ++it1) {
+        for (auto it2 = precisions2.begin(); it2 != precisions2.end(); ++it2) {
+            const auto& it1_precisions = *it1;
+            // all element types are equal
+            if (it1_precisions[0] == (*it2)[0]) {
+                // first precisions size is used
+                intersection_types.emplace(it1_precisions[0], it1_precisions.size());
+            }
+        }
+    }
+
+    for (auto it = intersection_types.begin(); it != intersection_types.end(); ++it) {
+        intersection.insert(std::vector<element::Type>(it->second, it->first));
+    }
+}
+} // namespace
+
+InferenceEngine::Precision eltwise_precision_helper::get_precision(
+        const size_t inputs_number,
+        const InferenceEngine::Precision (&src_prc)[MAX_ELTWISE_INPUTS],
+        const std::vector<ov::intel_cpu::aarch64::EltwiseData>& eltwise_data) {
+    Precision exec_prc = Precision::UNSPECIFIED;
+
+    const auto algorithm = eltwise_data.front().algo;
+    std::set<std::vector<element::Type>> supported_precision_intersection = get_supported_precisions(algorithm);
+
+    // for element-wise operations all inputs must to have the same precisions
+    auto has_same_precision = [](const std::vector<element::Type>& precisions) {
+        return std::all_of(precisions.begin(), precisions.end(), [&precisions](const element::Type precision) {
+            return precision == precisions[0];
+        });
+    };
+
+    // TODO: should we convert all inputs to fp16 for PowerStatic
+    assert((algorithm == Algorithm::EltwisePowerStatic) ||
+            std::all_of(supported_precision_intersection.begin(),
+                        supported_precision_intersection.end(),
+                        has_same_precision));
+
+
+    for (size_t i = 1; i < eltwise_data.size(); ++i) {
+        std::set<std::vector<element::Type>> prcs = get_supported_precisions(eltwise_data[i].algo);
+        std::set<std::vector<element::Type>> prcs_intersect = {};
+
+        OPENVINO_ASSERT((algorithm == Algorithm::EltwisePowerStatic) ||
+                        std::all_of(prcs.begin(), prcs.end(), has_same_precision),
+                        "for element-wise nodes all precisions have to be equal");
+
+        set_intersection(supported_precision_intersection, prcs, prcs_intersect);
+
+        supported_precision_intersection = prcs_intersect;
+    }
+
+    static const element::Type exec_precisions_priority[] = {
+            element::f16,
+            element::f32
+    };
+
+    for (const auto prc : exec_precisions_priority) {
+        if (std::any_of(
+            supported_precision_intersection.begin(),
+            supported_precision_intersection.end(),
+            [&prc](const std::vector<element::Type>& precisions) { return std::find(precisions.begin(), precisions.end(), prc) != precisions.end(); })) {
+            exec_prc = InferenceEngine::details::convertPrecision(prc);
+            break;
+        }
+    }
+
+    for (size_t i = 0; i < inputs_number; i++) {
+        if (src_prc[i] != exec_prc) {
+            exec_prc = Precision::FP32;
+            break;
+        }
+    }
+
+    if (exec_prc == Precision::UNSPECIFIED) {
+        IE_THROW() << "Eltwise jitter failed to specify execution precision for Eltwise node";
+    }
+
+    return exec_prc;
+}
+
+std::set<std::vector<element::Type>> eltwise_precision_helper::get_supported_precisions(const Algorithm& algo) {
+    std::set<std::vector<element::Type>> precisions;
+
+    OV_SWITCH(intel_cpu, SupportedPrecisions, precisions, algo,
+        OV_CASE(Algorithm::EltwiseRelu, jit_relu_emitter),
+        OV_CASE(Algorithm::EltwiseAdd, jit_add_emitter),
+        OV_CASE(Algorithm::EltwiseMulAdd, jit_mul_add_emitter),
+        OV_CASE(Algorithm::EltwiseMultiply, jit_multiply_emitter),
+        OV_CASE(Algorithm::EltwisePowerStatic, jit_power_emitter));
+
+    if (precisions.empty())
+        IE_THROW() << "Unsupported operation type for Eltwise emitter";
+
+    return precisions;
+}
+
 template struct jit_uni_eltwise_generic<cpu_isa_t::asimd>;
 
 }  // namespace aarch64
diff --git a/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.hpp b/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.hpp
index 358c29d78c5c57..98fee8f0387921 100644
--- a/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.hpp
+++ b/src/plugins/intel_cpu/src/nodes/kernels/aarch64/jit_uni_eltwise_generic.hpp
@@ -228,6 +228,16 @@ struct jit_uni_eltwise_generic : public jit_uni_eltwise_kernel, jit_generator {
     std::vector<std::shared_ptr<jit_emitter>> post_op_emitters;
 };
 
+class eltwise_precision_helper {
+public:
+    static InferenceEngine::Precision get_precision(const size_t inputs_number,
+                                                    const InferenceEngine::Precision (&src_prc)[MAX_ELTWISE_INPUTS],
+                                                    const std::vector<ov::intel_cpu::aarch64::EltwiseData>& eltwise_data);
+
+private:
+    static std::set<std::vector<element::Type>> get_supported_precisions(const Algorithm& algo);
+};
+
 }   // namespace aarch64
 }   // namespace intel_cpu
 }   // namespace ov