News Briefs

  Av 25, 5772 , 13/08/12

Chains Won't Raise Bread Prices

Both the Rami Levi and Supersol supermarket chains said that they will not raise the price of bread in their stores until after the Tishrei holidays, including Rosh Hashana, Yom Kippur, and Sukkot, spokespersons for the chain said Monday. This, despite the fact that the Industry, Trade, and Labor Ministry has authorize price increases for bread under price controls.

Speaking to Army Radio, Yochanan Aaronson, chairman of the Israeli Bakers Association, said that bakeries had no choice but to raise prices on all their baked products. Seed and wheat prices were up 50% so far this year, largely due to a drought in the wheat growing areas of the U.S. Prices on subsidized bread are to rise 6.53% next week, and the price for other baked products will rise as well, Aaronson said – and it was likely that prices would go up again next month by the same amount, or even more, he said.

Other archived news briefs:Aug 13 2012, 07:45 PM, 8/13/2012