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Another bread price rise

    JOHANNESBURG

    The prices of bread and soft drinks in Zimbabwe rose by between 20 and 50 percent on Monday, the state-run ‘Herald’ newspaper reported on Tuesday. Bread now costs over 50 Zimbabwean dollars (about US $0.9 at the official exchange rate) a loaf. The hike was the seventh bread price increase this year.

    The National Bakers Association of Zimbabwe blamed the increase on the high cost of imported wheat for flour. The country is experiencing a shortage of local wheat which forced millers to import. The situation has been aggravated by the shortage of foreign currency for which the millers have to pay a premium at the parallel market.

    Prices of other basic commodities are expected to rise as well, the report said. The Zimbabwean dollar has lost value to major currencies and is now trading at 300 Zimbabwean dollars to one US dollar on the parallel market, compared to the official rate of 55 Zimbabwean dollars to the greenback.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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