Price Of Bread Increases To $2.50
The price of bread has increased at some retailers in Zimbabwe to about $2.50 a loaf. The new prices came into effect this weekend. The old bread price was about $1.50
Zimbabweans have expressed shock at the new price. A customer that bought bread today at Innscor’s Bakers Inn in Mutare said they were shocked when they were asked to pay $5 for 2 loaves.
Some retailers have however maintained the old price of $1.50.
The prices of basic commodities have been going up due to the currency crisis faced by the country. The increase in fuel prices by about 150% on 12 January 2019 worsened the situation as retailers have noted the higher costs of business.
The current parallel market of the US dollar to RTGS balances is 1USD : 3.9 RTGS.
The government has said that retailers are taking advantage of the situation to profiteer.
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