World Food Programme Fighting Hunger Worldwide

 In Armenia the yearly inflation has been moderate (+2.5% in August), while the y-o-y change of the average employee wage is higher (6.6% over the same time period). This indicates a slight increase in the purchasing power of this category of workers (52% of the population). However, for the poor (approximately one third of the population) who spend more than half of their income on food, rising wheat flour prices are deteriorating their purchasing power. Armenia had a good wheat harvest for the second consecutive year, but it is still highly dependent on imports from drought-affected Russia and Ukraine to meet its domestic food needs. This is reflected in recent wheat price trends, which are rising continuously since March. The average price of wheat flour in September is 25% higher than a year ago.