A month has passed since the price of eggs dramatically rose in Armenia causing them to virtually disappear from Yerevan store shelves. They started reappearing after New Year’s Day, but were at least 200 percent more expensive, rising in price to 120 drams, or 33 cents per egg. Questions, however, still remain unanswered as to what caused the dramatic price increase or why no one was held accountable for the runaway inflation.
When only one person controls all of the sugar imports or eggs in this case, even 1000% convenient inflation during the high demand holiday season should not be surprising. Without any competition, prices can be set as high as those in control of the goods would like them to be. . . .