Price of bread in St Lucia to rise due to increased indirect costs

On Tuesday the association said all packets of white rolls, hamburgers, hot dogs, butter bread, butter loaves and french bread will move from EC$2.00 (One EC dollar= US$0.37 cents) per packet to $2.50 per packet.

It said all packets of whole-wheat rolls, loaves, and sandwich bread will move from $2.50 per packet to $2.75 per packet.

“We have had to absorb the price increases of flour, sugar, water, electricity, value added tax (VAT) on salt, yeast, butter, margarine, shortening, packaging, as well as the increases in the wholesale price of gas and diesel,” the Association said in a statement.

It added that the increase in the price of bread has become necessary in an effort to try to mitigate the effects of the almost 25% increase in some items and other indirect costs associated with the production of bread and the operations of businesses.

 

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