BEIRUT: Bread prices in Lebanon rose by LBP250 ($0.17) on Tuesday, the second increase in less than a month, with 930 grams of the basic foodstuff now costing LBP2,500.
A family would need around LBP75,000 a month in order to have a pack of bread a day, with the latest price representing 11 percent of the LBP650,000 monthly minimum wage.
The Ministry of Economy blamed the first increase on the global rise in wheat prices and promised to reduce the price “when global wheat prices or the local dollar exchange rate declines because these two factors control the price of bread in Lebanon.”