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Armenian Premier Attributes Price Rise To Global Processes

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  • Armenian Premier Attributes Price Rise To Global Processes

    ARMENIAN PREMIER ATTRIBUTES PRICE RISE TO GLOBAL PROCESSES

    ARKA
    March 14, 2008

    YEREVAN, March 14. /ARKA/. RA Prime Minister Serge Sargsyan believes
    that the rise in prices being recorded in the county is the result
    of processes on the world markets.

    Responding to the questions asked to him by means of Internet during
    his TV interview, Sargsyan stated that the RA Minister of Trade and
    Economic Development Nerses Yeritsyan and Chairman of RA Commission
    for Protection of Economic Competition Ashot Shahnazaryan reported
    the price situation at the RA Government's sitting.

    The Premier added that the relevant information will soon be provided
    to the population on television.

    Sargsyan also reported that the AMD exchange rate has remained stable
    over the last three months.

    In February 2008, 3.4% inflation was recorded in Armenia as compared
    with last December, with 1.1% inflation recorded in February as
    compared with January 2008. As a result, 7.5% annual inflation
    (February 2007 to February 2008) was recorded in the country.

    4% (±1.5%) inflation is budgeted in Armenia for 2008.

    --Boundary_(ID_FWHL7TPIEDywzM8yMPZvEQ)--
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