ArmInfo. Over the past 12 months, diesel fuel and flour have risen in price in Armenia, State Commission for the Protection of Economic Competition (CPC) of the Republic of Armenia reports.
In particular, the invoice value of 1 liter of imported diesel fuel increased by 52-57% in the period from January to May 2022. During the same period, the dollar exchange rate decreased by 4-6%, while the retail price of goods increased by about 32.4%, rising from 500 to 662 drams.
From June 2021 to May 2022, the invoice price of diesel fuel in Armenia increased by 72-76%. During the reporting period, the dollar exchange rate against the Armenian dram decreased by 6-8%, while the retail price of goods increased by about 44.86%, rising from 457 to 662 drams. As a result, the average retail price of diesel increased by almost 45% (44.86%), from 457 drams per liter to 670 drams. Thus, in March 2022, the average price was 563 drams, in April - 612 drams, in May - 662 drams, in June - 670 drams.
In January-June 2022, the invoice value of wheat (when imported to Armenia) increased by 22-26%. Over the same period, the dollar exchange rate fell by 8-10%, and the retail price of 1 kg of "Baghramyan" flour increased by about 8.8%, from 285 drams to 310 drams.
Between June 2021 and June 2022, the invoice value of the same product increased by 20-23%. During the same period, the dollar exchange rate fell by 10-13%, while the retail price of the product increased by about 19.2%, rising from 260 to 310 drams.