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Bread price triples in Zimbabwe
 The price of bread has nearly tripled in Zimbabwe after the government caved in to pressure from bakers demanding a more realistic selling price.
| The new price for a loaf would be 825 Zimbabwean dollars (about R24), up from 295 Zimbabwean dollars. |
Industry minister Obert Mpofu said in a government notice that the new price for a loaf would be 825 Zimbabwean dollars (about R24), up from 295 Zimbabwean dollars. "The minister of industry and international trade has set 825 dollars as the new retail price of bread while the producer price of bread has been set at 725 dollars," reported the Zimbabwe Broadcasting Corporation on Friday.
Bread had almost disappeared from shop shelves after bakers said they could not afford to sell it at a loss. They said they would need at least 700 dollars a loaf to break even.
Posted by: Fred 2006-12-23 |
