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Armenian prime-minister instructs to control price rise

29.02.2008, 03:30
Armenia’s Prime-Minister Serge Sargsian instructed the respective state agencies to maintain control over rise in prices on the country’s markets.
YEREVAN, February 28. /ARKA/. Armenia’s Prime-Minister Serge Sargsian instructed the respective state agencies to maintain control over rise in prices on the country’s markets.

He reminded the country’s Minister of Trade and Economic Development and the Chairman of the State Commission for Protection of Economic Competition of their obligations to conduct daily monitoring of price rise. If needed, prompt measures are to be taken to prevent extra price rise, the Prime-Minister said.

According to the official statistics, prices rose 4.4% on the food market of Armenia in January 2008 (as compared with December 2007). Annual inflation made up 10.3% for foodstuffs in January.

According to the Statistical Service, the January inflation on “vegetables and potatoes” group averaged 16.2%-46%; rise in prices for fish products was 11%, for pork – 11.3%, beef – 1%. Price for mutton reduced 0.5%. In January 0.3-1.7% rise was recorded in prices for bakery goods, confectionery, nonalcoholic beverages, dairy products, eggs, coffee, tea and cacao.. –0--