Food prices in Armenia to be disproportionate to average salaries

Food prices in Armenia to be disproportionate to average salaries, Tert.am reported.

In August alone, the prices on the food markets (including tobacco and alcoholic beverages) increased by 7.5% compared to the same period of last year.

According to official statistics, the average salaries in July grew only by 6.7%, making 120,863 drams (about $328.8). It is noteworthy that the salaries in the public sector grew by 6.2% (98,334 Drams or about $265) and those in the private sector - by 6.4% (147,83 drams or about $340).

The same data suggest that the expenses on food products (without alcoholic beverages) made 51.9% of the Armenia's average consumer expenses.


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