Crisis-hit Lebanon hikes subsidised bread price by a fifth ...Kuwait

Caretaker economy minister Raoul Nehme said the price was due to an increase of wheat prices worldwide coupled with the high exchange rate to buy dollars.Lebanon on Monday hiked the price of subsidised bread by a fifth, as the government struggles to maintain funding key goods amid an economic crisis that has already sparked protests. Caretaker economy minister Raoul Nehme said the price hike was due to an increase of wheat prices worldwide coupled with the high exchange rate to buy dollars. Lebanon is mired in its worst financial crunch since the 1975-1990 civil war, resulting in recession, a plunge in foreign reserves, and rising inflation. A large bag of flat bread, previously weigh

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