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ARMENPRESS
PRIME MINISTER ORDERS GOVERNMENT AGENCIES TO OFFER
PROPOSALS FOR CURBING INFLATION
YEREVAN, MAY 29, ARMENPRESS: Prime Minister Tigran
Sarkisian said today that hiking prices of food and
services have become number one concern of Armenian
citizens.
Speaking at a recurrent government session he said
studies show that prices flexibility is
unsatisfactory. As a rule they skyrocket, but go down
slowly and insignificantly. According to him, this
trend can not be halted without government's
intervention.
The prime minister praised the operation of the
state commission for protection of economic
competition saying that it will be stepped up through
involving officials from the state taxation service.
He said prices of wheat and rice are going down in
global markets, particularly, wheat price went down 42
percent against April, the price of rice also fell 22
percent in the last 4 weeks.
Both products occupy a significant place in
Armenians' subsistence basket creating favorable
conditions for brining their prices down.
-The government will keep this issue in the
limelight. It will study pricing trends, especially in
those companies whose prices of imported goods are not
adequate to global prices,- he said.
He said inflation affects also the
moral-psychological atmosphere in the country stirring
up new social and economic problems.
The prime minister said special instructions were
given to economy and finance ministries, the Central
Bank and the state commission for protection of
economic competition to monitor the situation and
submit their proposals about how to curb price hikes.
From: Emil Lazarian | Ararat NewsPress
PRIME MINISTER ORDERS GOVERNMENT AGENCIES TO OFFER
PROPOSALS FOR CURBING INFLATION
YEREVAN, MAY 29, ARMENPRESS: Prime Minister Tigran
Sarkisian said today that hiking prices of food and
services have become number one concern of Armenian
citizens.
Speaking at a recurrent government session he said
studies show that prices flexibility is
unsatisfactory. As a rule they skyrocket, but go down
slowly and insignificantly. According to him, this
trend can not be halted without government's
intervention.
The prime minister praised the operation of the
state commission for protection of economic
competition saying that it will be stepped up through
involving officials from the state taxation service.
He said prices of wheat and rice are going down in
global markets, particularly, wheat price went down 42
percent against April, the price of rice also fell 22
percent in the last 4 weeks.
Both products occupy a significant place in
Armenians' subsistence basket creating favorable
conditions for brining their prices down.
-The government will keep this issue in the
limelight. It will study pricing trends, especially in
those companies whose prices of imported goods are not
adequate to global prices,- he said.
He said inflation affects also the
moral-psychological atmosphere in the country stirring
up new social and economic problems.
The prime minister said special instructions were
given to economy and finance ministries, the Central
Bank and the state commission for protection of
economic competition to monitor the situation and
submit their proposals about how to curb price hikes.
From: Emil Lazarian | Ararat NewsPress