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Food prices rise in Armenia, whereas global food prices fall

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  • Food prices rise in Armenia, whereas global food prices fall

    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/

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