The price of bread has gone up again with a standard loaf of bread from Proton Bakeries now retailing for ZWL$87 in some supermarkets in the capital.
The is an increase of ZWL$26 from the previous price of ZWL$61. This price increase translates to a massive 40 percent price increase. The price of bread has gone up yet again in Zimbabwe, a day after the country abandoned the fixed foreign currency exchange rate and introduced the foreign currency auction system.
This also means that a loaf of bread is now going for US$1.50 using the official foreign currency exchange rate established at yesterday’s first foreign currency auction system.
According to the Reserve Bank of Zimbabwe foreign currency auction system held yesterday, the official rate of one United States Dollar (USD) currently stands at ZWL$57.36. This was a change from the rate of ZWL$25 for every USD which was previously obtaining before yesterday.