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Armenian Prime-Minister Instructs To Control Price Rise

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  • Armenian Prime-Minister Instructs To Control Price Rise

    ARMENIAN PRIME-MINISTER INSTRUCTS TO CONTROL PRICE RISE

    ARKA
    Feb 28, 2008

    YEREVAN, February 28. /ARKA/. Armenia's Prime-Minister Serge Sargsian
    instructed the respective state agencies to maintain control over
    rise in prices on the country's markets.

    He reminded the country's Minister of Trade and Economic Development
    and the Chairman of the State Commission for Protection of Economic
    Competition of their obligations to conduct daily monitoring of price
    rise. If needed, prompt measures are to be taken to prevent extra
    price rise, the Prime-Minister said.

    According to the official statistics, prices rose 4.4% on the
    food market of Armenia in January 2008 (as compared with December
    2007). Annual inflation made up 10.3% for foodstuffs in January.

    According to the Statistical Service, the January inflation on
    "vegetables and potatoes" group averaged 16.2%-46%; rise in prices for
    fish products was 11%, for pork - 11.3%, beef - 1%. Price for mutton
    reduced 0.5%. In January 0.3-1.7% rise was recorded in prices for
    bakery goods, confectionery, nonalcoholic beverages, dairy products,
    eggs, coffee, tea and cacao.
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