Economy, Domestic Economy

Bread Subsidies

Bread SubsidiesBread Subsidies

The price of bread, the staple food of most Iranian households, increased 30% about a month ago. However, in some cases, bread has been sold at prices higher than the level determined by the government. As Eghtesad news reported on Friday, some alterations are being carried out and prices are slightly going down. The government announced that it will continue paying subsidies for wheat at 6650 rials ($2.4 based on the official rate) per kilo to flour factories and bakeries but simultaneously allows bakeries to increase bread price by 30% in different provinces and in accordance with provincial necessities to compensate for the increase in side expenses. Officials argue that the decision was made to satisfy both the bakers, who complained about low prices, and the consumers, who were unhappy with low quality bread.