PRICE-GROWTH PRESSURE INCREASES
- During the recent times the price-growth evidently pressurizes the domestic product market. If before the price-growth in Armenia fluctuated within 3%, we must underscore that during the recent years it is significantly high.
According to the official data, the price-growth of the last year made up 6,5%. At the beginning of the year the situation tightened. According to the observations of the statistic service, as compared to the same period of the last year the prices have increased by around 11%. The high prices of the products of vital importance are conditioned by both internal and external factors. The prices of the products are continuously increasing in the international market that has become a matter of concern even in the developed countries.
Being a country of limited resources that imports lots of products Armenia is very vulnerable towards the influences of the foreign market. It is not accidental that particularly these products become expensive in the internal market.
The maximum, that the government can do in this situation, is the mitigation of the influence of price-growth. They can achieve this by monetary-loan policy and implementation of programs with social trends. This is probably the only way to restrain the price-growth, and to support the vulnerable group.
That is why the rumors saying that the increase of the pension on January was senseless is not right. Doubtlessly had the pensions not been increased the life of this layer would have been worse.
According to the data of the statistic service in the same period of the previous year the price of wheat has grown by 45 drams, high-class flour – by around 65%, and the first-class – by 55%. The prices of these products started to fluctuate between 250 to 350 drams, from the beginning of April as compared to 160-209 drams of the previous year. The prices of different types of bread have increased by 40-45%, which means from 250 to 430.
The price-growth is also high in the market of butter and oil, respectively 71-51% within a year. The price of butter has reached 2376 drams this year as compared to 1565 drams of the last year and oil prices have reached 968 drams as compared to 566 drams a liter of the last year. Whereas not only is there no prospect for the stabilization of the prices but also – slow increase.
It’s worth mentioning that the price-growth of the before mentioned products started last year. If from the beginning of 2007 the price of wheat increased by 36 drams, from January 2008 it has increased by 9 drams.
The picture is the same in terms of the other products – the first class flour has increased by 60 drams from April to December of the previous year, and by 10 drams from January 2008.
These developments testify to the fact that during the recent times the price-growth in the domestic market has been mitigated. But it doesn’t give any grounds to unwind, because the price-growth of the before mentioned products have been rather abrupt in one year.
The price-growth in the product market is also conditioned by internal factors. The increase of meat-product is also very noticeable. In April, for example, the price of pork increased by 9% and beef by 4%.
On the other hand season also has some influence on the consumer market. It is manifested especially on the agricultural products. Especially the prices of the vegetables have evidently decreased. And the prices of fruits have decreased by 8%.
The price-growth of non-food products and some services has been added to the before mentioned tendencies manifested in the market of food-products. The pressure of the price-growth in this sphere has increased especially after the stop of the gas subsidizations.”
- VASAK TARPOSHYAN
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“HAYOTS ASHKARH”
- 1847 Summit Meeting of the representatives of the Transcaucasian Armenian community.
- 1847 With the participation of the gentry and commoners, the National, Ecclesiastic, and Supreme Council is created in Constantinople. It is the first step towards the creation of the "Constitution".
- 1859 A Committee, consisting of 5 clergymen and 14 laymen, is struck in Constantinople to write the "Constitution". The Chariman was Rusinian.
- 1945 End of World War Two (known as the "Great Patriotic War" in the USSR).
- 1964 Death of Vahan Totomyants, professor and public figure.
- 1992 Shooshee (Artsakh) is liberated after 71 years of occupation by Azeri Turks.
- 1994 Protocol negotiated in the Artsakh War and signed in Bishkek (Kirgizstan) by the parliamentary speakers of Armenia, Azerbaijan, and Artsakh as mediated by Presidents Boris Yeltsin of Russia and Nursultan Nazarbayev of Kazakhstan. This was the first recognition of Artsakhs distinctiveness as a political and territorial entity in the negotiations. Azerbaijan occupied 750 sq. km. (15%) of Artsakhs territory, while Artsakh occupied 7059 sq. km. (8%) of territory considered to have traditionally been possessed by Azerbaijan.
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