Prices soar

Prices soar

15-03-2008 15:23:30 – KarabakhOpen

Recently the prices of food have been soaring, which causes
dissatisfaction among the population. 50 kg of flour cost 12,500 drams
last week, now it costs 14-15 thousand drams, said a man of 42 who has
four teenage children. `Prices soar every hour rather than every day,
while pension is raised once a month. All the goods are expensive,
bread, grocery,’ says Raya Sargsyan, a pensioner. `I cannot understand
what is happening. Everything became expensive at once, even coffee,
rice, lentils,’ said a woman, 32.

Shop owners say the reason is the soaring prices on the Armenian
market. `We bring products from Armenia where prices have gone up
suddenly. Therefore, we have to sell at higher prices,’ said the owner
of a small grocery in Stepanakert.

The commission of economic competition of Armenia has studied the food
market of Armenia and reported growth of prices of 20 products. Now the
commission is studying whether the growth of prices in Armenia is
adequate to the growth of prices in the world.

The prices of food on world markets have soared. Specialists explain it
by the dropping exchange rate of the dollar.