The price of bread in Israel is expected to increase by 20% starting Sunday as a result of a global rise in wheat prices, Economy and Industry Minister Orna Barbivay announced Wednesday.
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"In view of the conditions defined by the law, the price of regulated bread will probably increase as of Sunday, by about 20%, but I intend to continue to work to improve the mechanism by which product prices are updated so that social considerations and the public good are taken into account," said Barbivay.
"I call on merchants to consider a partial increase in bread prices out of respect for consumers. At the same time, I have asked officials to continue to monitor world wheat and flour prices," she continued. "As the prices of raw materials become cheaper, I will require the Price Committee to reduce the price of bread."
