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Some Shops Raise Prices For Food Despite Authorities' Warnings

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  • Some Shops Raise Prices For Food Despite Authorities' Warnings

    SOME SHOPS RAISE PRICES FOR FOOD DESPITE AUTHORITIES' WARNINGS

    PanARMENIAN.Net
    04.03.2009 14:01 GMT+04:00

    /PanARMENIAN.Net/ Embarrassed by the jump of USD rate, Armenian people
    rushed to shops to buy up first priority goods. Consumers complain
    that despite the authorities' warnings, some shops raised prices for
    food. Sunflower oil, butter, sugar and flour prices went up by 20-30%.

    On March 3 evening the exchange rate was fixed at AMD372.11/$1,
    AMD9.5-11.5/RR, AMD450-490/1 EURO.

    Meanwhile, the state commission on economic competition protection
    (SCECP) called on entrepreneurs to refrain from ungrounded rise
    in prices.

    "The situation is under control and the SCECP will react to any change
    immediately," the commission said in a statement.

    Commission chairman Ashot Shahnazaryan ordered to monitor the staple
    goods market hourly. The list of goods includes 40 descriptions
    against previous 25.

    From: Emil Lazarian | Ararat NewsPress
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