Speculation Occurs in Both Goods and Money Markets: 'Fact'

'Fact' newspaper reports: 'The fact that inflation in Armenia is uncontrollable and ongoing is noticeable even to the naked eye. Experts present both objective and subjective reasons for this. The President of the Auditors' Chamber, Nairi Sargsyan, points to the government's actions, which he believes directly contribute to inflation.

'Recently, the head of the government spoke about possible negative consequences. That one statement was enough for people to rush to stores and engage in intensive shopping. Naturally, businesses were inclined to artificially raise prices in the face of such demand. Governments need to be cautious with their expressions; they should provide more hope and advocate for predictability and stability regarding the future. This is not specific to this government; it refers to classic operational methods. However, this government is doing the exact opposite and has a direct impact on inflation as a result. A significant portion of the recent inflation stemmed from the government’s ill-considered statements and actions,' Sargsyan noted in an interview with 'Fact.'

Our interlocutor also highlights another subjective factor: speculation. 'In such circumstances, speculators always raise their heads. Speculation is occurring in both the goods and money markets. Naturally, speculation has a direct impact on inflation,' Sargsyan states.'

For more details, see today’s issue of the newspaper.