In the statement announcing the decision on Saturday, the Ministry cited the exchange rate of the U.S. dollar to the Lebanese pound, fuel prices, and the increase in the shipping costs of flour between mills and bakeries as well as and the shipping costs of bread from bakeries to selling points.
Additionally, it cited the price of wheat on the international market, a study conducted by the Economy Ministry to determine the quantity of ingredients required to produce the best quality of Lebanese bread, and, finally, the current economic conditions and people’s declining purchasing power.
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