Economy Ministry approves 4% bread price hike

Bread Photo: Shutterstock
Bread Photo: Shutterstock

The prices of a 500 gram challa loaf and 750 gram sliced white bread will rise 3.85% by NIS 0.19 and NIS 0.26 respectively.

The Ministry of Economy and Industry has approved a price rise for two of the five types of bread that are subject to government supervised price controls. According to a compromise agreement reached by Minister of Economy and Industry Eli Cohen with the country's largest bakeries, two of the five types of bread will become 3.85% more expensive, while the price of the other three types of bread subject to government price controls will remain unchanged.

The prices of a 500 gram challa loaf and 750 gram sliced white bread will rise 3.85% by NIS 0.19 and NIS 0.26 respectively. Prices of the 750 gram dark bread loaf, 750 gram white bread loaf and 500 gram sliced white bread loaf will remain unchanged.

Published by Globes, Israel business news - en.globes.co.il - on December 16, 2018

© Copyright of Globes Publisher Itonut (1983) Ltd. 2018

Bread Photo: Shutterstock
Bread Photo: Shutterstock
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