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The rise in the bread and flour prices in Armenia has been caused by growing wheat price worldwide and poor harvest in Russia, Chairman of Armenia's National Committee on Protection of Economic Competition Artak Shaboyan said during a briefing on Thursday.
He said that today one ton of Russian wheat costs $325 against $250 in early 2012.
The flour price in Armenia has grown by 25% from 199,000 AMD to 247,000 AMD per ton.
Shaboyan said that Armenia's flour market is controlled by Alex Grig and Manana Grain, whose activities are supervised by his committee on a constant basis.