The All Island Bakery Owners Association says the price of a 450g loaf of bread will increase by Rs.10 from midnight today.
The Association said a price increase was necessary as costs involved in the bakery industry increased exponentially after wheat flour importers decided to increase the price of a kilogram by Rs.17 as of yesterday.
Therefore, issuing a statement the Association said a discussion in this regard was held last night, during which bakery owners confirmed the decision to amend prices of bakery products.
The price of a 450g loaf of bread was last increased by Rs.5 on the 11th of October.
Meanwhile, a shortage of wheat flour has also been reported in certain parts of the country.