Lebanon hikes bread price for third time in nine months ...Kuwait

Lebanon hiked the price of bread for the third time in nine months, which the government blamed on a plunge in the value of the local currency. Lebanese authorities announced late Tuesday a bread price hike, the third in nine months, a move the government blames on a plunge in the value of the local currency. The economy ministry announced that the price of 960 grams of bread would be set at 3,000 Lebanese pounds, up from 2,500 pounds, the state-run National News Agency reported. The move means the price of bread has more than doubled since May last year, as the country grapples with an unrelenting economic and political crisis that predates the coronavirus pandemic. In justifying the latest

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Last updated : 24 March 2021 clock 04:00 AM

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Lebanon hikes bread price for third time in nine months ...Kuwait

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