Announcement

Collapse
No announcement yet.

Record Inflation Registered In Sugar Market In 2011

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Record Inflation Registered In Sugar Market In 2011

    RECORD INFLATION REGISTERED IN SUGAR MARKET IN 2011

    ARMENPRESS
    FEBRUARY 6, 2012
    YEREVAN

    YEREVAN, FEBRUARY 6, ARMENPRESS: The incomes of citizens of Armenia
    do not grow like the inflation. Last year the inflation in our country
    made 4.7%. Prices for meat products increased by 10%, dairy products'
    prices by 7%, oil prices by 12%. The record growth has been registered
    in the sugar market 35%. Speaking to reporters today, chairman of the
    Association of Consumers Armen Poghosyan said inflation is a natural
    phenomenon and the main factors promoting it are transport expenses.

    "It is much more cheaper to transport cargos from different parts
    of world to Batumi, than from Batumi to Yerevan. It is necessary to
    build Fioletovo-Vanadzor railway to cut the length of Batumi-Yerevan
    railway by 260 kilometers," he said.

    Poghosyan noted that according to consumer basket in Armenia, people
    spend 55% of their income on food and in western world 25% is directed
    to food which is considered extreme poverty.

    "A person is not born to eat and to buy clothes and shoes. If 55%
    is being addressed to food and what remains for living with spiritual
    life, visiting theatres, cinemas," Poghosyan said.



    From: Emil Lazarian | Ararat NewsPress
Working...
X