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Haykakan Zhamanak: Food prices rise in Armenia, whereas global food prices fall
13:19 30/11/2013 » DAILY PRESS
According to the report of Armenia's National Statistical Service
released yesterday, prices grew by 6.6% in Armenia in November 2013
compared to November 2012. Food prices grew by 54%.
`At first glance this information cannot be considered extraordinary,
with even higher growth of 71% and 82% recorded by the Statistical
Service in the past months. The problem is not that prices have
decreased as reported by the Statistical Service, although in reality
the price increase process contiues. The main problem is that food
prices rise in Armenia, although global food prices fall.
According to the World Bank data, global food prices fell by 12% in
October 2013 compared to October 2012. Armenia follows the principles
of oligarchy and monopoly rather than the principle of liberal market
economy,' Haykakan Zhamanak daily writes.
http://www.panorama.am/en/economy/2013/11/30/hzh/
13:19 30/11/2013 » DAILY PRESS
According to the report of Armenia's National Statistical Service
released yesterday, prices grew by 6.6% in Armenia in November 2013
compared to November 2012. Food prices grew by 54%.
`At first glance this information cannot be considered extraordinary,
with even higher growth of 71% and 82% recorded by the Statistical
Service in the past months. The problem is not that prices have
decreased as reported by the Statistical Service, although in reality
the price increase process contiues. The main problem is that food
prices rise in Armenia, although global food prices fall.
According to the World Bank data, global food prices fell by 12% in
October 2013 compared to October 2012. Armenia follows the principles
of oligarchy and monopoly rather than the principle of liberal market
economy,' Haykakan Zhamanak daily writes.
http://www.panorama.am/en/economy/2013/11/30/hzh/