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*Price Of Bread Increases To $2.50*

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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.

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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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*Full Text: Revert To 12 January Prices, Mthuli Ncube Tells Businesses*

*Fuel Price Hike Painful But Necessary – Economists*

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