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FOOD PRICES DECLINE WORLDWIDE BUT GO UP IN ARMENIA
Friday,
October
11
The Central Bank of Armenia (CBA) recently published a CBA Board
sitting's minutes which contain noteworthy information.
"International Food Organization calculated that for example,
international food prices fell by 5.1% in August compared with August
of last year, whereas according to official data of Armenia's National
Statistical Service, food prices increased 10% in Armenia in the same
period. Taking into account modern laws of economics, there is only
one explanation for this: if food prices decline worldwide, but go
up in Armenia, it means that in Armenia free competition is absent,"
'Haykakan Zhamanak' says.
TODAY, 12:50
Aysor.am
From: Emil Lazarian | Ararat NewsPress
Friday,
October
11
The Central Bank of Armenia (CBA) recently published a CBA Board
sitting's minutes which contain noteworthy information.
"International Food Organization calculated that for example,
international food prices fell by 5.1% in August compared with August
of last year, whereas according to official data of Armenia's National
Statistical Service, food prices increased 10% in Armenia in the same
period. Taking into account modern laws of economics, there is only
one explanation for this: if food prices decline worldwide, but go
up in Armenia, it means that in Armenia free competition is absent,"
'Haykakan Zhamanak' says.
TODAY, 12:50
Aysor.am
From: Emil Lazarian | Ararat NewsPress