Saturday, January 17, 2009

In Belarus, the food went up by 20-50 per cent.

After the devaluation of the Belarusian currency, organized in early January, food prices in the country increased substantially. That was reported by the Interfax-West ", with reference to the Belarusian Ministry of Economy.
According to the agency for 12 days buckwheat groats went up by 26.9 per cent figure - 20 per cent, peas - at 33.5 percent. The price of tea increased by 27-29 per cent of coffee - at 23 percent, vegetable oil - at 21.4 percent. Strong went fruit: mandarines at 59.6 per cent to 46 per cent of apples, lemons at 44.5 percent.
Commenting on this, the Deputy Minister of Economy Vladimir Adashkevich recognized that the devaluation should have an impact on price levels. However, having a place he called the rise of products to be unfounded. According to him, "on a number of positions of economic entities, including government, benefited from the devaluation of the Belarusian ruble, and unnecessarily increased the price." The situation, as the officer said, "is understandable irritation in humans."
The Government of Belarus, as reports said, had decided to check in the stores where higher food prices. If the inspectors find products rise unfounded, according to Adashkevicha, "will put the question to revoke the license and the ban on trade."
Recall that the January 1, National Bank of Belarus announced the devaluation of the currency: Belarusian ruble was devalued against the dollar by 20 per cent. This caused a sharp increase in demand for foreign currency, for household appliances (as a means of investing money), as well as food. There is rumor that the authorities are going to further devalue the Belarusian ruble, as well as to denomination. Heads of Belarus denies these rumors.

No comments: