COMMISSION STUDIES RISE IN PRICES
Panorama.am
20:30 05/09/2007
Recently in Armenia a price rise has been noted in wheat, oil,
butter, and various other goods. In connection with this, Armine
Utumyan, press secretary of the government agency concerned with the
protection of a competitive economy, spoke with panorama.am, stating
that a study is now underway as to the reason these prices have been
increasing. She said that the rise in wheat prices are tied directly
to what is happening in the international market.
We note that the price of wheat, internationally, as risen by 30%, and
that in Paris a ton of wheat has reached 270 euros, which is a record.
Concerning the rise in butter prices, Utumyan said "It seems there
may be other, subjective reasons causing this increase." She assured
that they are studying whether there is exploitation in regard to
these unknown, subjective causes. As to the rise in price of oil,
she said that is also being studied.
Utumyan also assures that the studies will be completed within two
weeks, and only then would it be clear as to why these price increases
have taken place.