Food Prices Decline Worldwide But Go Up In Armenia

FOOD PRICES DECLINE WORLDWIDE BUT GO UP IN ARMENIA

Friday,
October
11

The Central Bank of Armenia (CBA) recently published a CBA Board
sitting’s minutes which contain noteworthy information.

“International Food Organization calculated that for example,
international food prices fell by 5.1% in August compared with August
of last year, whereas according to official data of Armenia’s National
Statistical Service, food prices increased 10% in Armenia in the same
period. Taking into account modern laws of economics, there is only
one explanation for this: if food prices decline worldwide, but go
up in Armenia, it means that in Armenia free competition is absent,”
‘Haykakan Zhamanak’ says.

TODAY, 12:50

Aysor.am

From: Emil Lazarian | Ararat NewsPress

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2013/10/12/food-prices-decline-worldwide-but-go-up-in-armenia/

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS