Opinion: food prices in Armenia may jump ten percent this year

Opinion: food prices in Armenia may jump ten percent this year

YEREVAN, January 17. /ARKA/. Food prices in Armenia are likely to leap 10% this year, Armen Poghosyan, head of the Armenian Consumers Association, said Friday at a news conference. 

“I think all foods will become more expensive this year, since prices for natural gas and electric power, which are needed to produce them, went up in 2013,” he said answering ARKA News Agency’s question. “I think prices will rise 8-10 percent.” 

Poghosyan said first price hikes will be seen at bread and dairy and other agricultural products markets. 

“Already in 2013, prices for all foods but beef leapt, and I think prices will continue their upward movement also this year,” Poghosyan said. 

According to the National Statistical Service, food prices rose 5.8% in the country in 2013, and prices for nonfoods went 4.6% up. Inflation was recorded at 5.8% in 2013. -0---

17:05 17.01.2014

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