FALL IN PRICES RECORDED IN ARMENIA’S FOOD MARKET IN PERIOD BEFORE NEW YEAR

Noyan Tapan

Dec 10, 2008

YEREVAN, DECEMBER 10, NOYAN TAPAN. Some cases of a price fall were
recorded in Armenia’s food market in the period before New Year,
the chairman of the RA State Commission for Protection of Economic
Competition Ashot Shahnazarian told reporters on December 10. According
to him, there has been a fall in prices of foodstuffs in supermarkets
which is a positive phenomenon. "We have achieved this thanks to joint
work. The economic entities have also realized that it is advantageous
to work in this way," A. Shahnazarian noted.

In his words, a tendency of inflation has been observed only in
the egg market, with the price of an egg increasing from 55 to 60
drams. A. Shahnazarian assured those present that the Commission will
follow the fluctuations of prices in the egg market, and in case of
revealing a continuous inflation, it will initiate proceedings.

As regards the prices of dried fruit and nuts, A. Shahnazarian said
that it is difficult to control this market because it is a free
market without any economic entities that have a dominating position.