The price of bread in Lebanon has increased once again, the Economy Ministry announced on Tuesday.
The following are the new prices set by the Economy Ministry:
- From the bakery to the consumer:
- 3,000 Lebanese pounds, at the most, for a large bundle of bread weighing no less than 910 grams.
- 2,000 Lebanese pounds, at the most, for a medium-sized bundle of bread weighing no less than 395 grams.
- From the store to the consumer:
- 3,250 Lebanese pounds, at the most, for a large bundle of bread weighing no less than 910 grams.
- 2,250 Lebanese pounds, at the most, for a medium-sized bundle of bread weighing no less than 395 grams.
In a statement, the Ministry said that the price increase is the result of the Lebanese Central Bank‘s decision to stop subsidizing sugar.
In addition to the said decision, the Ministry cited an analysis conducted into the cost of manufacturing, distributing, and selling bread, and a study by the Economy Ministry to determine the number of ingredients required to produce “the best quality of Lebanese bread for the consumer.”
It has also based the decision on the price of wheat on the international market, the exchange rate of the dollar to the Lebanese pound, and the price of fuel, taking into account the current economic conditions and the low purchasing power of the population.
