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Ungrounded 50% rise in prices expected in Armenia

PanARMENIAN.Net - Ungrounded 50% rise in prices for consumer goods is expected in Armenia.

"The dram-to-dollar rate will soon be fixed at ADM400/$1 mark," Gevorg Baghdasaryan, member of the Armenian Association of Consumers, told a PanARMENIAN.Net reporter.

He said that the goods were imported at a fixed price and the current rise in prices is ungrounded.

As to petrol price, he said, "The prices for petrol are dropping throughout the global. But they are going up in Armenia."

For her part, Association chairperson Melita Hakobyan stated that the national currency downfall is the result of CB wrong policy.
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