ArmInfo.There is no price shock in Armenia. This was stated by Gegham Gevorgyan, Chairman of the State Commission for the Protection of Economic Competition (SCPEC) of the Republic of Armenia on April 9 at a government meeting.
According to him, the Commission conducted monitoring in large retail chains in Yerevan and the regions, according to the results of which it turned out that price fluctuations ranged from 1 to 4 percent. Moreover, if in March of the current year for some products prices increased slightly, then already in April a tendency towards their decrease began to be observed. So, if in February 1 kilogram of sugar cost 255 drams, then by April 8 the cost of the product was 230 drams. At the same time, in 2018 sugar cost 338 drams per kilogram.
The same picture is observed with oil prices, 1 kg of the latter in February was worth 2730 drams, but by April 8 it had risen to 3090 drams. Meanwhile, in 2018 1 kg of oil was worth 4430 drams. Price fluctuations, as noted by the head of the Commission, indicate increased competition in the market. This is also evidenced by the data obtained from gas stations where 1 liter of "regular" petrol currently costs 310 drams, <premium> petrol 330 drams, and a liter of diesel fuel - 370 drams. For comparison, in 2018 a liter of petrol costs 450-470 drams, diesel fuel - 460 drams. Gegham Gevorgyan emphasized that the administrative proceedings of the Commission deal with the markets for sugar, eggs and butter, it is also planned to conduct research in the markets of vegetable oil, chicken and flour.
