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

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

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.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS