Haykakan Zhamanak: Food prices rise in Armenia, whereas global food prices fall
According to the report of Armenia’s National Statistical Service released yesterday, prices grew by 6.6% in Armenia in November 2013 compared to November 2012. Food prices grew by 54%.
“At first glance this information cannot be considered extraordinary, with even higher growth of 71% and 82% recorded by the Statistical Service in the past months. The problem is not that prices have decreased as reported by the Statistical Service, although in reality the price increase process contiues. The main problem is that food prices rise in Armenia, although global food prices fall.
According to the World Bank data, global food prices fell by 12% in October 2013 compared to October 2012. Armenia follows the principles of oligarchy and monopoly rather than the principle of liberal market economy,” Haykakan Zhamanak daily writes.