Tuesday, September 7, 2010

Mozambique: Government Reverses Major Increase in Price of Bread

The government has decided to reverse a major increase in the price of bread that helped set off deadly riots last week in a nation where poverty is widespread, Planning Minister Aiuba Cuerenei said Tuesday. He said that a subsidy would allow the price to be set at the previous level. Higher global prices for wheat had contributed to the government’s previous decision to raise the price of bread.

Source: New York Times

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