Karabakh Open
Oct 11 2007

Government discussed growth of prices

Yesterday the government held its second meeting, which was devoted
to the soaring prices of food. According to Prime Minister Ara
Harutiunyan, both the public and the government voiced concern on the
growth of prices. Manush Minasyan, director of the National
Statistics Service, provided information about the growth of prices.
She said over the past few months the price of bread went up by 11.8
percent, the price of flour went up by 34 percent, meat by 3.5
percent. The price of vegetable oil soared by 47.6 percent.
It was mentioned during the meeting of government that the growth of
prices is due to the growth of price on international markets,
especially in Russia where crop yield was lower than usual, and
demand is high. And since these products are mainly exported, it is
difficult to keep the prices low.
The representatives of trade companies said the price for a 330 gram
loaf of bread went up by 20 drams. Meanwhile, the wheat produced in
Karabakh is enough to supply the demand. A commission was set up to
find out the influence of world prices on local prices. Even a study
in Yerevan was proposed. According to the prime minister, the price
of one kg of bread has gone up by 90 drams within a year.