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Live UpdateFrom the Liveblog of Sunday, May 21, 2023

Government-regulated bread prices said set to rise tomorrow by 4.9%

21 May 2023, 8:27 pm Edit

After a series of recent price hikes for various products amid mounting inflation, Hebrew media reports that the government-regulated prices of bread will rise by 4.9% tomorrow morning.

The Finance Ministry’s prices committee is said to have approved the bakeries’ request, even though Economy Minister Nir Barkat opposed the move.

The price of standard loaf of dark bread will rise from NIS 6.7 ($1.84) to NIS 8.3 ($2.27), and the price of white bread will rise from NIS 5.2 ($1.42) to NIS 6.1 ($1.67), the reports say.