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Fall In Prices Of Some Commodities Recorded In Armenian Market

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  • Fall In Prices Of Some Commodities Recorded In Armenian Market

    FALL IN PRICES OF SOME COMMODITIES RECORDED IN ARMENIAN MARKET

    Noyan Tapan
    Oct 29, 2008

    YEREVAN, OCTOBER 29, NOYAN TAPAN. By results of daily monitoring
    by the RA State Commission for Protection of Economic Competition,
    a fall in prices of some commodities was recorded in the Armenian
    market in recent days. In particular, under conditions of a 20%
    decline in gasoline prices in international market, gasoline prices
    fell by about 20% (80 drams) in Armenia.

    New economic entities have entered the rice market. The price of
    rice fell by about 80 drams at some trade points (supermarkets)
    subjected to monitoring due to the above mentioned fact as well as
    international prices.

    The price of flour, which can be now purchased from flour mills
    for 205-210 drams a kilogram, fell by another 10-15 drams. A 20%
    decline in building material prices was recorded in international
    and domestic markets.

    In the words of the Commission's spokeswoman Armine Udumian, the
    prices in the bread market also show a tendency to decline: at some
    trade points subjected to the Commission's monitoring, prices fell
    by 10-20 drams.

    However, the Commission does not consider this decline as satisfactory
    and in line with the fall of flour prices.
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