Sugar prices rise 0.2% in Armenia over past month
02.09.2011,
21:22
Sugar prices went 0.2% up in Armenia over the past month, Gurgen Martirosyan, chief of the Armenian National Statistical Service’s prices and international comparison division, said on Thursday.
YEREVAN, September 2. /ARKA/. Sugar prices went 0.2% up in Armenia over the past month, Gurgen Martirosyan, chief of the Armenian National Statistical Service’s prices and international comparison division, said on Thursday.
He said that sugar prices climbed 21.4% in August 2011, compared with the same month a year earlier.
“The recent inflationary jumping has not been taken into account, since the latest price study was conducted on the sugar market on August 19 and 20, while sugar prices started going up only on August 23,” Martirosyan said.
He said inflation in the sugar market would impact September’s indicators.
On September 23, sugar prices in Yerevan supermarkets leapt from 380 drams per one kilogram to 450 drams.
Importers explain this hike by price rises at world markets.
The Armenian State Commission for Protection of Economic Competition demanded necessary information from Alex-Grig Company that dominates sugar import market with 99.9%.
Martirosyan said sugar in neighboring Georgia converted into Armenian national currency was sold at 469 drams per one kilogram yet in July. Sugar prices in Russia rose 0.9%.
In the euro zone, sugar is included in the same group with jam and confectionery. Sugar’s share in this group is biggest.
“Although prices for this group’s commodities were moving up and down in European countries, average prices for them remained unchanged,” Martirosyan said.
In particular, sugar prices went 2% up and then 1% down.
Sugar prices rose 2.9% in Hungary, 0.6% in Bulgaria, 0.4% in Germany, 0.4% in Greece, 0.1% in Denmark, 0.8% in Spain and 1.4% in Cyprus.
Monitoring of sugar prices is conducted in 9 to 12 trade outlets of various sizes in Armenia. The monitoring will last ten days.
According to official statistical reports, 4.8% year-on-year inflation was recorded in Armenia in August 2011. -0-
He said that sugar prices climbed 21.4% in August 2011, compared with the same month a year earlier.
“The recent inflationary jumping has not been taken into account, since the latest price study was conducted on the sugar market on August 19 and 20, while sugar prices started going up only on August 23,” Martirosyan said.
He said inflation in the sugar market would impact September’s indicators.
On September 23, sugar prices in Yerevan supermarkets leapt from 380 drams per one kilogram to 450 drams.
Importers explain this hike by price rises at world markets.
The Armenian State Commission for Protection of Economic Competition demanded necessary information from Alex-Grig Company that dominates sugar import market with 99.9%.
Martirosyan said sugar in neighboring Georgia converted into Armenian national currency was sold at 469 drams per one kilogram yet in July. Sugar prices in Russia rose 0.9%.
In the euro zone, sugar is included in the same group with jam and confectionery. Sugar’s share in this group is biggest.
“Although prices for this group’s commodities were moving up and down in European countries, average prices for them remained unchanged,” Martirosyan said.
In particular, sugar prices went 2% up and then 1% down.
Sugar prices rose 2.9% in Hungary, 0.6% in Bulgaria, 0.4% in Germany, 0.4% in Greece, 0.1% in Denmark, 0.8% in Spain and 1.4% in Cyprus.
Monitoring of sugar prices is conducted in 9 to 12 trade outlets of various sizes in Armenia. The monitoring will last ten days.
According to official statistical reports, 4.8% year-on-year inflation was recorded in Armenia in August 2011. -0-
