SOME SHOPS RAISE PRICES FOR FOOD DESPITE AUTHORITIES’ WARNINGS

PanARMENIAN.Net
04.03.2009 14:01 GMT+04:00

/PanARMENIAN.Net/ Embarrassed by the jump of USD rate, Armenian people
rushed to shops to buy up first priority goods. Consumers complain
that despite the authorities’ warnings, some shops raised prices for
food. Sunflower oil, butter, sugar and flour prices went up by 20-30%.

On March 3 evening the exchange rate was fixed at AMD372.11/$1,
AMD9.5-11.5/RR, AMD450-490/1 EURO.

Meanwhile, the state commission on economic competition protection
(SCECP) called on entrepreneurs to refrain from ungrounded rise
in prices.

"The situation is under control and the SCECP will react to any change
immediately," the commission said in a statement.

Commission chairman Ashot Shahnazaryan ordered to monitor the staple
goods market hourly. The list of goods includes 40 descriptions
against previous 25.

From: Emil Lazarian | Ararat NewsPress