Prices in Armenia Slowly and Steadily Increasing: Haykakan Jamanak

Prices of consumer goods and medication in Armenia continues to rise. In the last week, the cost of different types of goods have, as a rule, increased by 5–10%, reports local daily Haykakan Jamanak (“Armenian Times”).

Let’s say, the price of 1 kg of coffee increased by 5% (before, the coffee that was selling for 2,000 drams per 1 kg, about $5.48 US, is now 2,100 drams, about $5.75 US); oil has increased by 20–30 drams, as compared to last week.

The cost of pharmaceutical drugs have increased by 5–6% percent in the last week, reports the daily. Reports yesterday  said that the price of sugar might increase — to 800 drams per kilo (about $2.19 US. One kg of sugar currently costs 350 drams, or about $0.96 US). Analysts consider such a change to be unlikely. Why? Because it’s more realistic that rumors of astronomical increases have a propaganda aim. After being threatened by 800 drams, consumers buying sugar at, let’s say, 450 or 500 drams per kilo not only will consider it normal, but also will be somewhat pleased.