Price of Bread Shoots Up Again In Zimbabwe
The price of bread has gone up yet again in Zimbabwe, a day after the country abandoned the fixed foreign currency exchange rate and introduced the foreign currency auction system.
According to information reaching iHarare, a standard loaf of bread from Proton Bakeries is now retailing for ZWL$86 in some supermarkets in the capital. The is an increase of ZWL$25 from the previous price of ZWL$61. This price increase translates to a massive 40 percent price increase.
This also means that a loaf of bread is now going for US$1.50 using the official foreign currency exchange rate established at yesterday’s first foreign currency auction system.
More Details To Follow…
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