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ARMENIAN ECONOMISTS FORECAST HIGHER PRICE HIKE AHEAD OF CHRISTMAS
12:53 * 27.11.14
Against the backdrop of the floating exchange rate of the US Dollar,
the Armenian society is interested in possible New Year-Eve price
hikes.
With slightly a little more than a month left until the holidays,
people in Yerevan food stores are often seen discussing their New
Year shopping plans and asking salespersons about the expediency of
buying certain products in advance.
Speaking to Tert.am, economist Zoya Tadevosyan said she expects a hike
in the prices of absolutely all types of goods. "And the hike this time
will be not only due to the importers' desire to secure more income
but because our economy is already starting to experience the impact
of exogenic shocks. Hence, under the influence of external factors,
we will see - or rather have already seen- the [Armenian] Dram lose
its value due to the devaluation of the Russian Rouble," she explained.
According to Armen Poghosyan, President of the Association
of Consumers, the inflation started much earlier in Armenia which
annually imports $90 million worth food. The economist said he knows
that the prices of several food products, including nuts, meat, pastry,
buckwheat and even bakery have been going up in the recent months.
Chairman of the Armenian Agrarian Peasants' Union Hrach Berberyan
forecasts a hike only in the prices of ham .
"Ham, as a part of pig's body, may be more expensive, as our
population traditionally loves grilled ham, but the other parts, such
as shoulder-blade, won't sell for more," he told our correspondent,
ruling out a hike in the prices of pork.
Edward Kirakosyan, CEO of the Union of Manufacturers and Businessmen,
said he doesn't expect an unprecedented hike this year. "The Russian
inflation wave has not reached us," he said, admitting in the meantime
the national currency's declining trends.
http://www.tert.am/en/news/2014/11/27/Armenia-new-year-prices/
From: A. Papazian
12:53 * 27.11.14
Against the backdrop of the floating exchange rate of the US Dollar,
the Armenian society is interested in possible New Year-Eve price
hikes.
With slightly a little more than a month left until the holidays,
people in Yerevan food stores are often seen discussing their New
Year shopping plans and asking salespersons about the expediency of
buying certain products in advance.
Speaking to Tert.am, economist Zoya Tadevosyan said she expects a hike
in the prices of absolutely all types of goods. "And the hike this time
will be not only due to the importers' desire to secure more income
but because our economy is already starting to experience the impact
of exogenic shocks. Hence, under the influence of external factors,
we will see - or rather have already seen- the [Armenian] Dram lose
its value due to the devaluation of the Russian Rouble," she explained.
According to Armen Poghosyan, President of the Association
of Consumers, the inflation started much earlier in Armenia which
annually imports $90 million worth food. The economist said he knows
that the prices of several food products, including nuts, meat, pastry,
buckwheat and even bakery have been going up in the recent months.
Chairman of the Armenian Agrarian Peasants' Union Hrach Berberyan
forecasts a hike only in the prices of ham .
"Ham, as a part of pig's body, may be more expensive, as our
population traditionally loves grilled ham, but the other parts, such
as shoulder-blade, won't sell for more," he told our correspondent,
ruling out a hike in the prices of pork.
Edward Kirakosyan, CEO of the Union of Manufacturers and Businessmen,
said he doesn't expect an unprecedented hike this year. "The Russian
inflation wave has not reached us," he said, admitting in the meantime
the national currency's declining trends.
http://www.tert.am/en/news/2014/11/27/Armenia-new-year-prices/
From: A. Papazian