Zimbabwe Dollar Tumble Pushes Up Price Of Bread
5 years agoTue, 10 Sep 2019 09:22:41 GMT
The price of bread was on Tuesday morning raised from $7.00 to $9.70, a hike of about 48 per cent.
The Bakers Association of Zimbabwe did not reveal the reason behind the latest round of increase.
The fall in the value of the Zimbabwean dollar over the past few weeks has been cited as the major catalyst as this has driven cost pressures on imported wheat.
The Zimbabwe Dollars was $2.50 to the US$ when it was reincarnated as the RTGS Dollar in February this year but has fallen to $15.00 to the US$.
Despite being very expensive for most households in Zimbabwe, bread remains in short supply with major retail outlets out of stock for the greater part of the day.
