The Lebanese Ministry of Economy raises the price of a bundle of Arabic bread

Published 2023년 2월 19일

Tridge summary

The Lebanese Ministry of Economy and Trade has increased the price of subsidized Arabic bread, also known as baladi bread, due to the depreciation of the Lebanese pound against the dollar. This is the first increase in bread prices in 2023 and is reflected in the weight and cost of the small, medium, and large bundles of bread. The economic crisis in Lebanon has led to a significant decline in the value of its national currency, causing widespread economic hardship.

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Original content

The Lebanese Ministry of Economy and Trade raised the prices of a bundle of Arabic bread “baladi bread”, which is subsidized by the Lebanese government for bakery owners in Lebanon, compared to the last selling price on May 30, 2022. And the Ministry of Economy issued a statement in mid-February regarding moving the prices of a bundle of bread. The “Arabic bread” in Lebanon is the subsidized bread that the Lebanese government provides to its citizens through more than 160 bakeries that have been provided throughout Lebanon. The weight of Arabic bread in Lebanon ranges from 60 to 62 grams, and bread is sold by weight, not the number of loaves. This is the first increase during 2023 as a result of the increase in the price of the dollar against the Lebanese pound, as the small bundle of bread witnessed an increase of about 9 thousand pounds and a decrease of 32 grams in the weight of the bundle, and the medium bundle increased by about 15 thousand pounds and a decrease of 63 grams ...

Source: Almalnews