Cost of bread rises 300%

BAKERIES in Zimbabwe remained closed yesterday and shop shelves wereempty of bread despite a 300% rise in the official price of a loaf.

Cost of bread rises 300%

The state Sunday Mail, a government mouthpiece, said the National Prices and Incomes Commission allowed the bread price to increase to 100,000 Zimbabwe dollars (about €0.15) on Friday as part of a review to help businesses remain viable.

The rise came after the government slashed the price of bread by more than a half in June aimed at fighting the world’s highest official inflation.

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