Bread Prices Shoot Up To Over US$1 - NewZimbabwe com newzimbabwe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newzimbabwe.com Daily Mail and Mail on Sunday newspapers.
Bread price up thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
Friday, December 25, 2020 NewsdzeZimbabwe
THE price of a standard loaf of bread has risen by 13,8
percent this week to $82 from $72 and consumers feel the move is not justified.
Some retailers, who had already effected the latest price
adjustment on Wednesday, said they were caught off-guard by the latest increase
by suppliers.
While the country has recently been enjoying price
stability on the back of a stable exchange rate, consumers say the latest bread
price increase comes as a surprise.
Confederation of Zimbabwe Retailers (CZR) president, Mr
Denford Mutashu, also expressed shock but suggested that the move could be linked
to rising cost of production.
Price stability brings back festive cheer
Herald Reporters
The stability in prices of basic commodities in the past six months, as a direct result of the final steps in the Government’s stability programmes, will bring back the cheer to consumers this festive season as they can now plan on what to buy and when, and can even save up for larger expenditures.
Under the Second Republic, starting with tight budgeting and refusal to print any more money, continuing with effective monetary policy reforms, built on exports exceeding imports for the first time in decades, and using this underlying macro-economic stability to allow market forces to set a very stable exchange rate with speculators cut out of the system, the bugbears of hyperinflation and profiteering had finally been tamed.
Price stability brings back festive cheer herald.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald.co.zw Daily Mail and Mail on Sunday newspapers.