Iran bread

EghtesadOnline: The government has let go of economic rationality in the face of public pressure at least twice in just 100 days since President Hassan Rouhani was reelected.

EghtesadOnline: Facing complaints by consumers and producers, the Ministry of Industries, Mining and Trade put on hold the 15% increase in the bread retail prices scheduled to be introduced on Saturday, the head of Iran Chamber of Guilds said.

EghtesadOnline: Retail prices of bread will increase by 15% as of Nov. 22, the head of Iran’s Traditional Bakers’ Union said.

EghtesadOnline: Iranians are the second biggest consumers of bread in the world with a per capita of 160 kilograms per person, which is six times higher than the global average.

EghtesadOnline: Iran’s Traditional Bakers’ Union has called for a rise in bread prices, stressing that prices have remained unchanged for 30 months now.

EghtesadOnline: Some 72,000 traditional bread bakeries are operating in Iran, meeting 95% of domestic demand for bread, the head of Tehran Bakers Union said.