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Opinion: Food Prices In Armenia May Jump Ten Percent This Year

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  • Opinion: Food Prices In Armenia May Jump Ten Percent This Year

    OPINION: FOOD PRICES IN ARMENIA MAY JUMP TEN PERCENT THIS YEAR

    YEREVAN, January 17. /ARKA/. Food prices in Armenia are likely to
    leap 10% this year, Armen Poghosyan, head of the Armenian Consumers
    Association, said Friday at a news conference.

    "I think all foods will become more expensive this year, since prices
    for natural gas and electric power, which are needed to produce them,
    went up in 2013," he said answering ARKA News Agency's question. "I
    think prices will rise 8-10 percent."

    Poghosyan said first price hikes will be seen at bread and dairy and
    other agricultural products markets.

    "Already in 2013, prices for all foods but beef leapt, and I think
    prices will continue their upward movement also this year," Poghosyan
    said.

    According to the National Statistical Service, food prices rose 5.8%
    in the country in 2013, and prices for nonfoods went 4.6% up.

    Inflation was recorded at 5.8% in 2013. -0---

    - See more at:
    http://arka.am/en/news/economy/opinion_food_prices_in_armenia_may_jump_ten_percen t_this_year/#sthash.kmtrlvZN.dpuf

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