Business NewsBits

Zimbabwe Dollar fall escalates Bread Price

Takasununguka Ziki
Written by Takasununguka Ziki

In yet another blow to the average earner and the common man, 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.

Takasununguka Ziki

Author at Zim Talks TV
There is only one like me in the world therefore hard to pawn it off
Takasununguka Ziki

Latest posts by Takasununguka Ziki (see all)

1 Comment

Leave a Comment