News

Bread prices shoot up

President Emmerson Mnangagwa’s government has in the past two months tried to prevail on bakers not to increase the prices

BY OUR STAFF

The price of bread has gone up by $1.10  as pressure continues to build on Zimbabwe’s poor who have to contend with rapidly rising inflation.Bakers last reviewed their price at the end of October last year when it was set at $1.40 a loaf.

President Emmerson Mnangagwa’s government has in the past two months tried to prevail on bakers not to increase the prices.

When the prices were last reviewed the bakers wanted to increase them to $2.20 from $1.10 citing the need to defray unsustainable operational costs.Zimbabwe has been struggling to import wheat due to acute foreign currency shortages that have also affected the importation of fuel and drugs.Despite the spiraling prices, the majority of Zimbabweans have not seen an increase in their incomes due to the depressed economy.

 

 

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close