“Unjustified price raise of 10-12% for essential products was registered, following CBA announcement on the return to floating rate policy,” The Head of State Commission for the Protection of Economic Competition Ashot Shakhnazaryan stated.
“According to state committee data, a price raise for some products including vegetable oil, sugar, butter and petrol was observed.”
“Yesterday’s stir was intensified because of some business entitles’ actions, who tried to benefit from the situation, introducing unjustified price increases. Our commission started a collaboration with RA State Revenue Committee, that will take care of trespassers,” Shakhnazaryan stated.
“Both importers and consumer market representatives, who created an artificial deficit of goods, stirring up the tension among consumers, are to blame for yesterday’s situation. Following negotiations, the atmosphere in shops quieted down and the situation was brought under control.”
