Prime Minister Lapid says he has instructed Treasury officials to provide immediate proposals on stopping the price hikes for subsidized bread.
Lapid says he wants a complete halt to the price rise and has given officials three days to submit their proposals.
On Friday supermarket giants agreed to freeze the price hike on bread, following a request by Economy Minister Orna Barbivai for a reprieve.
Bread products with supervised, or limited, prices include sliced and unsliced white and dark loaves, as well as challah. The expected 20% price rise, which would have increased the cost of the common dark loaf bread from NIS 7.11 (approximately $2) to NIS 8.54 ($2.45), was set to go into effect today.
According to the Prime Minister’s Office, the rise in bread price is a result of a global food crisis linked to Russia’s invasion of Ukraine, which is a major exporter of wheat.
Subsidized bread (Noam Moskowitz/Flash 90)
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From the Liveblog of
Sunday, July 17, 2022
