For the ninth time in a year, Lebanon’s Ministry Of Economy announced a new set of prices for bread, slowly removing subsidies as the country sinks deeper into a dire economic and political crisis.
As long as the lift of subsidies on fuel and wheat is in place, the price of bread will continue to rise.
The Lebanese currency has lost over 90% of its value. It is now trading at 24,000/25,000 LBP to the dollar.
The Minister of Economy and Trade, Amin Salam, has determined the price and weight of white bread, in ovens and stores, to the consumer on all Lebanese territory as follows:
A medium-size bag of bread with a weight of at least 355 grams: 5,000 LBP in the oven, to the distributor at 4,145 LBP, from the distributor to the store 5,000 LBP, and at the store to the consumer 5,500 LBP.
Another middle size bag of 830 grams has been priced at 8,000 LBP in the oven, to the distributor 6,800 LBP, from the distributor to the store 8,000 LBP, and at the store to the consumer 8,500 LBP.
A large size family bag weighing 1035 grams: 9,600 LBP in the oven pounds, from the oven to the distributor 8,250 LBP, from the distributor to store 9,500 LBP, and at the store to the consumer 10,000 LBP.