Bread prices going up by Mar 7


Posted at Mar 03 2011 03:12 AM | Updated as of Mar 03 2011 11:17 AM

MANILA, Philippines - Bakers have informed the trade department that they will increase the prices of their branded loaf products by P2.

The price hike will take effect by March 7, Trade Undersecretary Zeny Maglaya said in an interview.

Meantime, the price of 10-piece pack "pandesal" will increase by P1.

"Pinoy Tasty", which is subsidized by the government, will remain at P38 per loaf.

These increases follow price hikes of basic ingredients, including flour.

Flour prices are now at P900 per 25 kilogram bag from P820 to P 850 two weeks ago. - from a report of Pia Gutierrez, ABS-CBN News