MercoPress

February 28, 2013

In the 500% index, we have food and beverage that ballooned 1000%. The 500% is an average of food prices and frozen public utilities rates (power, gas, water)”, said Melconian who is running for office in the coming October mid term election for an opposition grouping.

“What I am saying is not out of politics or related to the fact I’m running for office” added the economist.

“Inflation hits hard, people feel it in their pockets and they are far more sensitive to it that we can imagine. They don’t need to convince me about inflation: I’ve been assessing prices as a consultant for the last fifteen years”.

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