ECONOMY

The price of bread

The price of bread is expected to rise in the next few days, despite a promise to the contrary by the deputy minister for regional development and competitiveness. After meeting with representatives of bakers and the wheat industry yesterday, Dinos Rovlias stated that ‘the price of bread will not go up. There are no new developments justifying a price increase.’ However, bakers insist that the 2 percent hike in value-added tax and the rise in wheat prices last year will result in an increase in the retail price by 3 to 7 cents per kilo.