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Price Of Bread Increases In Gyumri. Is Yerevan Next? Asks Paper

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  • Price Of Bread Increases In Gyumri. Is Yerevan Next? Asks Paper

    PRICE OF BREAD INCREASES IN GYUMRI. IS YEREVAN NEXT? ASKS PAPER

    epress.am
    02.29.2012

    The increase in the price of flour in Armenia is due to the 25%
    increase in the price of wheat in the global market, State Commission
    for the Protection of Economic Competition of the Republic of Armenia
    press secretary Gayane Sahakyan told local daily Haykakan Jamanak
    ("Armenian Times").

    According to the Commission's findings, the price of flour in Armenia
    rose by an average of 9% - particularly in the country's second-largest
    city, Gyumri, which has led to an increase in the price of bread.

    Though the bread market is not among the markets the Commission
    monitored, the Commission hopes that it will be possible to prevent an
    escalation in the cost of bread elsewhere on account of wheat and flour
    acquired and accumulated ahead of the growth of global market prices.

    Nevertheless, the newspaper concludes, if the prices of wheat and
    flour increase, the price of bread undoubtedly will too. The only
    question that remains is when.

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