Gov't maintains control of bread prices

The government approved the request by Minister Eli Yishai to keep bread prices under gov't control, saying that bakery owners were planning to raise prices at an "unreasonable" rate of 50%.

By SHARON WROBEL
December 17, 2007 08:18

The government on Sunday approved the request by Industry, Trade and Labor Minister Eli Yishai to keep bread prices under government control, saying that bakery owners were planning to raise prices at an "unreasonable" rate of 50 percent. Last week, the Knesset Finance Committee approved Yishai's NIS 50 million bill, which will be allocated to compensate weaker social groups most affected by this month 10.6% increase in price-controlled breads. The NIS 50m. compensation fund is expected to be transferred from the coalition budget of the Shas movement.


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