Prices of some food products rose dramatically in Armenia
18.01.2018,
15:51
A dramatic rise in the prices of a string of staples has caused serious concerns of the people, despite the authorities’ arguments that Armenia has the lowest inflation across the region and beyond.
YEREVAN, January 18. / ARKA /. A dramatic rise in the prices of a string of staples has caused serious concerns of the people, despite the authorities’ arguments that Armenia has the lowest inflation across the region and beyond.
The price hikes was also high on the agenda of the latest Q&A session of the parliament with prime minister Karen Karapetyan saying the only way to ease its impact is to have a rapidly growing economy. According to him, the government has no right to regulate prices.
Karapetyan’s deputy Vache Gabrielyan noted for his part that not all food products have risen in price, and that compared to other countries in the region, Armenia has a relatively low inflation rate.
ARKA Agency compiled the list of ten foods, which were most expensive and cheapest in December 2017 when compared to December 2016.
According to the National Statistical Service, the steepest rise was in butter price- 41%, pork price surged by 36.9%, tomatoes upped by 31.1%, lamb by 28.9%, potatoes by 28%, trout by 23.4%, beef by 17.1% %, cheese by 12.3%, eggs by 10.1% and wines by 9.1%.
Simultaneously, prices of apples by 30.8%, garlic fell by 22.2%, buckwheat by 21.9%, green onions by 18.2%, pepper by 12.1%, lentils by 11.9%, bananas by 10.7%, cabbage by 8.9%, and sugar by 6%.
Consumer prices in December 2017 increased by 2.6% year-on-year with food products (including alcoholic beverages and tobacco products) rising by 5.3% and non-food products by 1.7% , while services decreased by 0.5%. The government-projected inflation for 2017 is 4% (± 1.5%). -0-
The price hikes was also high on the agenda of the latest Q&A session of the parliament with prime minister Karen Karapetyan saying the only way to ease its impact is to have a rapidly growing economy. According to him, the government has no right to regulate prices.
Karapetyan’s deputy Vache Gabrielyan noted for his part that not all food products have risen in price, and that compared to other countries in the region, Armenia has a relatively low inflation rate.
ARKA Agency compiled the list of ten foods, which were most expensive and cheapest in December 2017 when compared to December 2016.
According to the National Statistical Service, the steepest rise was in butter price- 41%, pork price surged by 36.9%, tomatoes upped by 31.1%, lamb by 28.9%, potatoes by 28%, trout by 23.4%, beef by 17.1% %, cheese by 12.3%, eggs by 10.1% and wines by 9.1%.
Simultaneously, prices of apples by 30.8%, garlic fell by 22.2%, buckwheat by 21.9%, green onions by 18.2%, pepper by 12.1%, lentils by 11.9%, bananas by 10.7%, cabbage by 8.9%, and sugar by 6%.
Consumer prices in December 2017 increased by 2.6% year-on-year with food products (including alcoholic beverages and tobacco products) rising by 5.3% and non-food products by 1.7% , while services decreased by 0.5%. The government-projected inflation for 2017 is 4% (± 1.5%). -0-
