By A Correspondent- Bakers have hiked the price of bread by almost 10% and attributed the price hike to the government’s failure to tame fuel prices.
A snap survey carried out by Business Chronicle indicated that retailers in Bulawayo have increased the price of a standard loaf from $88 to $94.
Speaking by telephone National Bakers Association of Zimbabwe (NBAZ) president Mr Dennis Wallah said production and distribution costs have increased occasioned by the recent increase in utility charges and fuel price.
“Its not a hidden fact that if you look at the price of fuel it went up, so obviously distribution cost goes up.
“And also utilities have moved astronomically high. Obviously, all these factors result in the cost of products spiralling upwards,” he said.