Daily Israel Report

Price of Bread to Rise

The price of bread will go up by 3.33% next week due to a global increase in the price of flour.
By Maayana Miskin
First Publish: 2/4/2011, 11:24 AM / Last Update: 2/4/2011, 12:01 PM

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The price of government-subsidized bread is to rise next week. Prices will go up by 3.33% beginning on Tuesday.

The price hike follows a global increase in the price of wheat. Prices began going up worldwide in December, and continued to rise in January.

Increases in the price of gasoline over the past two months were a factor in the planned price hike as well.

White bread that is not sliced will cost NIS 4.92 instead of NIS 4.76. Challah weighing 500 grams will cost NIS 5.37 instead of NIS 5.20. Sliced bread will cost NIS 7.38, up from NIS 7.15. Sliced white bread weighing 500 grams will cost NIS 6.56  instead of NIS 6.35.

The planned increase was announced by Minister of Industry, Trade and Labor Shalom Simchon, who approved the move.

MK Danny Danon (Likud) attacked the decision, saying, "MInister Simchon's policy is not coordinated with that of the Likud." He continued, "Only the involvement of the prime minister will stop the snow ball that started with the gasoline tax, which eats into the pocket of every citizen of the state."

Food prices in the Middle East may exceed the record 2007/08 levels, and in poorer countries, could fuel political violence and demonstrations.