As wheat prices grow, bread prices to rise
The price of bread will rise after the holidays.
Minister of Industry, Trade and Labor Benjamin Ben-Eliezer instructed Dori to raise the price of bread only after holidays. He said, "There are many poor families in Israel, and we should avoid, as far as possible, from putting an additional financial burden on them during the Jewish holiday season."
In early August, the Ministry of Trade raised the price of bread by 3.55% because of the rise in global wheat prices. The ministry cut the price of bread three times during 2009, and raised them once. The upcoming price hike will return bread prices to their level of 2008.
Published by Globes [online], Israel business news - www.globes-online.com - on September 6, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010
- Tel Aviv market report
- Tel Aviv Stock Exchange
- Israeli stocks in NY
- Arbitrage gaps for dual-listed stocks
- Israeli stocks in Europe
- Israeli stocks on other markets
- Tel Aviv 25 options
- Mutual funds
- Current representative shekel rates
- Historical representative shekel rates
- Bank shekel rates
- Shekel/dollar options