ArmInfo.Over the past 12 months, the price of granulated sugar has increased in Armenia, while the price of sunflower oil, on the contrary, has fallen, the Commission for Protection of Competition (CPC) of the Republic of Armenia said in a statement.
In particular, according to CPC observations, from January to May 2022, the invoice value of a kilogram of imported granulated sugar decreased by 18-20%. During the same period, the dollar exchange rate fell by 4-6%, and the retail price of goods fell by about 0.5% - from 410 to 408 drams.
From May 2021 to May 2022, the invoice price of the same product increased by 37-40%. During the reporting period, the dollar exchange rate against the Armenian dram decreased by 10-13%, while the retail price of goods increased by about 4.6%, rising from 390 to 408 drams.
But in the period from March to June 2022, there was a decrease in the retail price of a kilogram of granulated sugar. So, in March 2022, the average price was 443 drams, in April - 421, in May - 408, in June - 389.
In January-May 2022, the invoice cost of 1 liter of "Avedov" and "Golden Seed" sunflower oil increased by 4-6% (when imported to Armenia). During the same period, the dollar exchange rate fell by 4-6%, while the retail price of goods increased by about 9%, from 1027 drams to 1120 drams. Between June 2021 and May 2022, the invoice value of the same product increased by 23-26%. During the same period, the dollar exchange rate fell by 7-8%, and the retail price of the product fell by about 10.8% - from 1256 to 1120 drams.
