Zimbabwe has had an ailing economy and has really struggled to match the world standard currency.
The deteriorating economy has only made the Zimbabweans’ life harder as prices of commodities increase by day with the most recent being the price of bread.
INNSCOR Africa Limited has raised bread prices to $2,45 (wholesale) and $2,70 (retail) for a loaf at its subsidiary, Bakers Inn. The prices went into effect yesterday.
The rise to $2,70 was from a previous price of $1,80 for the recommended retail price of bread per loaf of bread.
In a letter addressed to the managing director of Spar, Terrence Yeatman Baker’s Inn stated: “This letter serves to inform you that the price list for Innscor t/a Bakers Inn Bakeries effective Wednesday March 6, 2019 for a standard loaf (all varieties), wholesale delivered price will be $2,45 and recommended retail price will be $2,70.”
However, National Bakers Association of Zimbabwe (NBAZ) vice-president Lucky Zinyama dismissed the letter saying no such price changes had yet occurred in the Bakers Inn outlets.
“The price of bread has not increased. If you go around the shops you will see that the bread price is still the same,” Zinyama said.