Live UpdateFrom the Liveblog of Monday, July 25, 2022

Government agrees to limit rise in bread prices, end price controls by April 2023

25 July 2022, 9:04 pm Edit

White sliced bread seen at the Angel Bakeries Factory in Jerusalem, August 16, 2010. (Abir Sultan/Flash90/File)

White sliced bread seen at the Angel Bakeries Factory in Jerusalem, August 16, 2010. (Abir Sultan/Flash90/File)

Prime Minister Yair Lapid reaches an agreement with Economy and Industry Minister Orna Barbivai to limit planned price hikes for bread.

According to a statement from Lapid’s office, prices will now rise gradually.

Under the agreement, the price for white bread will rise by 5%, sliced white bread by 5.5%, and challah by 8%.

There will be a further price hike for sliced white bread and challah in December, up to a total of 30%.

They also decide that the government would end price controls on bread from April 2023.

Lapid calls on government ministries to provide greater financing to programs that help those dealing with food insecurity.