Open news feed Close news feed
A A

TIGRAN SARGSYAN EXPLAINS

Economy

«The raise of the prices of gas will have its negative influence on the consumer index as it is included in the price of many goods», the President of the Central Bank Tigran Sargsyan said in the NA. According to him, the negative influence will be obvious at the end of the year 2006 and at the beginning of 2007. the CB processes plans to neutralize the possible negative impact, so as the raises do not exceed 3%.

According to the information of the RA Statistics Service, in 2005 the prices have fallen by 0.2%, even if many goods have become more expensive. According to Tigran Sargsyan, the reason was that the price of bread was reduced by 4.2%, as bread forms the majority of the consumer basket. According to the Service, the prices of fruits, fish, eggs and sugar were also reduced.

Mr. Sargsyan accepts some goods have become much more expensive in 2005, but according to him, they are not included into the consumer basket, for example, the real estate. By the way, despite the law, in many cases trade is realized by USD instead of the AMD.