Price Of Bread Raised To RTGS$2.30

5 years agoFri, 12 Apr 2019 08:32:14 GMT

Bakers have unilaterally increased the price of bread from RTGS$2 to RTGS$2,30 a standard loaf.

Millers have however distanced themselves from the latest price hike saying the price of flour has not changed.

In some high-density suburbs, a single loaf cost as much as RTGS$2,50. The price increase comes in spite of the government recently blocking a proposed price increase by bakeries.

Bakers Inn is now selling a loaf of bread at US$0.60 or $2,30 per loaf for those paying in bond notes, whilst both Lobels and Proton bread was also going for RTGS $2,30 per loaf.

Speaking to State media, Grain Millers’ Association of Zimbabwe (GMAZ) chairperson Mr Tafadzwa Musarara said:

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The GMAZ has noted the recent increase in bread prices. These bread price increases are, however, not in any way associated with flour cost drivers as the product supply price to bakers has remained constant since the new price of bread was gazetted.
Cabinet announced an increase in the price of flour yesterday (Tuesday), however, bakers had already increased the price of bread.
This increment has nothing to do with the price of flour because as GMAZ we had not increased the price of flour and they were still getting it from us at the same price.
This increase may be a result of other production costs in the baking industry and logistics and not flour.
We are currently consulting on how we can work around the new price of flour, to ensure that it does not affect the price of bread so that the price of bread will remain the same.