Ministry announces 6.53% hike in bread prices

By GLOBES
August 13, 2012 14:21

The Industry, Trade and Labor Ministry announced Monday that the price of a price-controlled loaf of bread will rise by 6.53 percent on Tuesday.

The ministry said, "The price hike is due to the sharp rise in the global price of wheat in the past month, which raised the price of flour, a key factor in the price of bread. The rise in fuel prices in the past month also contributes to the hike in the price of bread. Bread prices have not been changed in 18 months."


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