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Current inflation in Armenia is highest in past 2 years - economist
September 07, 2013 | 13:15
YEREVAN. - The inflation rate in Armenia was 9.3 percent in August
2013, which is the highest inflation rate recorded in the country in
the past two years.
Economist Samvel Avagyan stated the abovementioned during a press
conference on Saturday.
As per Avagyan, the last time when a higher inflation rate was
registered in Armenia was in March 2011, with 11.5 percent.
The economist stated that the product groups which most caused
inflation in the country this year are fruits - with a 25-percent price
increase - , vegetables and potatoes (32%), and communal housing
services (19.1%).
The prices of bread, dairy and meat products, and medication likewise
have soared.
According to Avagyan, however, in the case when official statistics
show a 4.7-percent growth in agriculture, such high double-digit price
increase in fruits and vegetables is not justified.
`There are statistical discrepancies here,' Samvel Avagyan concluded.
News from Armenia - NEWS.am
September 07, 2013 | 13:15
YEREVAN. - The inflation rate in Armenia was 9.3 percent in August
2013, which is the highest inflation rate recorded in the country in
the past two years.
Economist Samvel Avagyan stated the abovementioned during a press
conference on Saturday.
As per Avagyan, the last time when a higher inflation rate was
registered in Armenia was in March 2011, with 11.5 percent.
The economist stated that the product groups which most caused
inflation in the country this year are fruits - with a 25-percent price
increase - , vegetables and potatoes (32%), and communal housing
services (19.1%).
The prices of bread, dairy and meat products, and medication likewise
have soared.
According to Avagyan, however, in the case when official statistics
show a 4.7-percent growth in agriculture, such high double-digit price
increase in fruits and vegetables is not justified.
`There are statistical discrepancies here,' Samvel Avagyan concluded.
News from Armenia - NEWS.am