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NKR: Soaring prices and pledges to raise salary

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  • NKR: Soaring prices and pledges to raise salary

    Karabakh Open
    Oct 11 2007


    Soaring prices and pledges to raise salary


    Recently prices of food have been reported to soar. We tried to find
    out the reason from shops. The shop owners swear they are suffering
    losses. Why if the mark-up has even increased since they are now
    selling products bought at the previous price?

    On the other hand, you cannot accuse the shops which do not produce
    the products. If the price of wheat went up by 27 drams (1 kg of
    wheat costs 112 drams), the prices of flour and consequently of bread
    and other products automatically go up. Besides, however, our
    entrepreneurs produce 500 gram loafs instead of 1 kg loafs.

    Fodder has become expensive too, rising from 70 to 100 drams per kg.
    It means the price of meat is going to grow, to say nothing about the
    eve of holidays when this product becomes more expensive. Meat will
    cause the prices of other animal products up, such as butter, eggs,
    dairy products, pastry.

    So what is the secret of the soaring prices? According to the
    director of one of the companies said Armenia sets the prices, and
    here nobody can do anything about it. Hence, there is no need to look
    for economic and legal reasons, for monopolies set the prices. It
    means our officials in ministries let speculators make money on
    low-paid workers and pensioners. Considering that our basket of goods
    takes the bulk of our salary, the rising prices of food are a useful
    method of boosting profit. Or maybe the rise of prices was unleashed
    by election pledges to raise salaries and `monopolists' felt the
    society can pay more and used the opportunity. Many people think the
    rise of prices is connected with elections.

    From: Emil Lazarian | Ararat NewsPress
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