Friday, 27 June 2008

More bread for bread

Lebanese consumers face a 20 percent hike in the price of bread, reports Jessica Naimeh. But this will be offset by an increase in subsidies:

"The economy ministry announced Thursday that, effective Friday, an increase in government subsidies will lower the price charged to bakers for a ton of flour from $250 to between $200 and $220.

"The move was designed to bring the sale price of 1,250 grams of Arabic-style flat bread back down to LL1,500 after a day at LL2,000 (£1)."

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