The Lebanese Ministry of Economy has increased the price of bread again.
The Ministry announced the new prices and weights of Lebanese bread in a statement on Saturday. The official prices are now as follows:
- From the bakery directly to the consumer:
- 4,000 Lebanese pounds, at the most, for a large bundle of bread weighing no less than 883 grams.
- 2,750 Lebanese pounds, at the most, for a medium-sized bundle of bread weighing no less than 408 grams.
- From the store to the consumer:
- 4,250 Lebanese pounds, at the most, for a large bundle of bread weighing no less than 883 grams.
- 3,000 Lebanese pounds, at the most, for a medium-sized bundle of bread weighing no less than 408 grams.
This decision comes a week after the Economy Ministry raised the price of bread for the sixth time this year, that time by 500 Lebanese pounds.
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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