Price Of Bread Hiked, Again
One of the country’s largest break manufacturers, Baker’s Inn, has hiked the wholesale price of bread to ZWL$559.60 per loaf. Bread will likely be retailed for at least ZWL$600 per loaf.
A leaked invoice dated 4 June 2022 signed by a Baker’s Inn salesperson shows that the wholesale price of a loaf of superior brown bread is now ZWL$559.60.
Prices of basic grocery items and services have been changing on a weekly basis over the past few months in response to the depreciating Zimbabwe dollar.
In April, Industry and Commerce Deputy Minister, Raj Modi, said the Russia-Ukraine war has caused a rise in global fuel prices, a development that affects production lines, not only in Zimbabwe but across the whole world.
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Modi made the remarks soon after the Grain Millers Association of Zimbabwe (GMAZ) announced a 52 per cent and 31 per cent increase for mealie-meal and flour respectively. He said:
The justification for the increase is well known by everyone, it’s because of the war (Ukraine-Russia war).
The price of fuel, which is the lifeline for any production chain in any industry went up.
To import and transport any raw materials you need fuel.
It’s not only in Zimbabwe that food prices have gone up. It’s the world over.
However, if there was no war, we would not be talking of price increases.