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Rise In Prices After The Elections

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  • Rise In Prices After The Elections

    RISE IN PRICES AFTER THE ELECTIONS
    By Marieta Makarian

    AZG Armenian Daily
    02/06/2007

    On May 31 the Chairman of the Consumers' Association of Armenia
    Armen Poghosian, who was the guest of the club "Pastark", informed
    that a rise in prices of consumer goods was recorded after the
    elections. "It's evident that the rise in some consumer prices is just
    a consequence of elections". It's natural that all those organizations
    and individuals, who spent money during the campaign, have an aim and
    possibility to return their money by raising the prices", explained
    Armen Poghosian.

    He also mentioned that National Statistical Service and the Central
    Bank had announced that instead of inflation Armenia recorded deflation
    rate of 0.2 percent. But the Consumers' Association of Armenia cleared
    up: "Water rose in price for several times, transport prices became
    100 drams instead of 40, 50 and 70 drams, and here we have an inflation
    rate of 200 percent. The prices of vegetables, fruits, dairy products,
    flour, eggs and meat also rose. The price of bread rose by 10 drams".

    Mr. Poghosian informed, "46 percent of the family budget in our
    country is spent on food; in developed countries it is 25 percent,
    and if it is more than 25 percent, it is considered the abject level
    of poverty, and the people receive poverty benefits as a compensation".

    "If the prices are not controlled, they will always have tendency to
    rise in our country. Impunity and decontrolled prices are the reason
    of high rate of inflation in our country. The currency exchange of
    dollar has more uneven development in our country, than in neighbor
    countries, and it influences the rate of inflation", said the chairman
    of the Consumers' Assocaition of Armenia. He also mentioned, "There
    is no country that hasn't inflation, but the prices rise parallel with
    the incomes in these countries, what we cannot say of our country".

    "Today only 60 percent of the imported food has labeling in the
    Armenian language; some goods have no production and expiry dates",
    he added.
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