ECONOMY: PRICES WENT UP IN ARMENIA (groong.usc.edu)

[07:16 pm] 03 March, 2009

Customers at the "Yerevan City" supermarket witnessed inflation on the spot today.

One of the customers paid 600 drams for vegetable oil instead of the previous 400 drams. Another customer was caught by surprise when she had to pay 430 drams for eggs instead of 300 drams.

We and the customers witnessed how store clerks were ripping the old prices and sticking the new ones on products. We asked them what the previous price of the product because the there was no old tag left in the market.

In a matter of seconds the price of one kilogram of butter went from being 1,900 dram to 2,150 drams, while the price of butter at the stores in Aresh went up by 400 drams.

A kilogram of sugar went up from 220 drams to 250 drams. As for chicken, only the prices of imported chicken have gone up, while local chicken prices remain unchanged.

Bread and alcohol prices remain the same, but store clerks say that they will go up as well.

There were actually many people at the supermarket today. Store clerks say that people are in panic because prices are expected to rise even more soon.

Ungrounded 50% rise in prices expected in Armenia >>>