Some bakers have reduced the price of bread by about $1 after the government started supplying millers with cheaper flour.
The National Bakers Association of Zimbabwe (NBAZ) chief executive Ngoni Mazango confirmed the development in a press statement on Thursday. He said:
Baker’s Inn as from Tuesday 29 October 2019 reduced its wholesale price from $14 to $13. The recommended retail price is between $14 and $14,50.
Consumers were having to pay as high as $15,75 in the last weeks. This price will hold for as long as Baker’s Inn Bakeries have subsidised flour.
Bread suddenly disappeared from supermarket shelves last month, with rumours doing the rounds that bakeries were mulling a price hike.
The price hike duly came when bread reappeared about a week after it had disappeared with the price for a loaf of bread climbing from $9.50 to $15.75.