Armenian premier thinks that government can curb price rise by ensuring economic growth
18.01.2018,
11:34
Karen Karapetyan, Armenian prime minister, thinks the government can curb the price rise by ensuring a high economic growth.
YEREVAN, January 18. /ARKA/. Karen Karapetyan, Armenian prime minister, thinks the government can curb the price rise by ensuring a high economic growth.
Speaking Wednesday at a Q&A session in the National Assembly, he said that Armenia’s government has accounted for a 2.6% inflation rate, while Georgia and Azerbaijan have recorded 6.7% and 7.9% respectively.
He pointed out some products, on which prices have surged, as he said, because of the increase in world prices, and offered people to replace them with something else.
For example, butter from New Zealand can be replaced by products from Russia and Belarus.
As for the price hikes at diesel, petrol and gas markets that have been prompted by changes in excise taxes, Karapetyan said the petrol price went 20 drams up to 430 drams. In his words, petrol in Georgia the price is higher.
He said that consumers can replace petrol by gas, which rose 25 drams to 220 drams, but it still cheaper than.
“This price just came back to its 2015 level, and therefore this is not a new challenge to the market,” he said.
Karapetyan said that diesel is consumed mainly by businesses, which will only benefit from the new excise tax rate.
The diesel price rise, he said, will strike only at farmers, who pay no taxes. Therefore, the government has decided to provide some subsidies to them.
According to official statistical reports, a one-percent inflation was recorded in Armenia in 2017.
Consumer prices in the country rose 2.6%, compared with December 2016, foods, spirits and tobacco products grew 5.3% and nonfoods 1.7%, while services became 0.5% cheaper. ($1 – AMD 482.99). -0---
Speaking Wednesday at a Q&A session in the National Assembly, he said that Armenia’s government has accounted for a 2.6% inflation rate, while Georgia and Azerbaijan have recorded 6.7% and 7.9% respectively.
He pointed out some products, on which prices have surged, as he said, because of the increase in world prices, and offered people to replace them with something else.
For example, butter from New Zealand can be replaced by products from Russia and Belarus.
As for the price hikes at diesel, petrol and gas markets that have been prompted by changes in excise taxes, Karapetyan said the petrol price went 20 drams up to 430 drams. In his words, petrol in Georgia the price is higher.
He said that consumers can replace petrol by gas, which rose 25 drams to 220 drams, but it still cheaper than.
“This price just came back to its 2015 level, and therefore this is not a new challenge to the market,” he said.
Karapetyan said that diesel is consumed mainly by businesses, which will only benefit from the new excise tax rate.
The diesel price rise, he said, will strike only at farmers, who pay no taxes. Therefore, the government has decided to provide some subsidies to them.
According to official statistical reports, a one-percent inflation was recorded in Armenia in 2017.
Consumer prices in the country rose 2.6%, compared with December 2016, foods, spirits and tobacco products grew 5.3% and nonfoods 1.7%, while services became 0.5% cheaper. ($1 – AMD 482.99). -0---
