Retail prices of bread and bakery products may rise by as much as 25% in the next two months due to high energy costs, the Czech Entrepreneurs Association of Bakers and Confectioners has suggested.
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Rises in the price of natural gas and electricity in the Czech Republic, 25% and 13.5% respectively, coupled with this years long winter, have caused some bakeries to claim an increase of up to 60% in their spending on energy.
According to a report in the Czech News Digest, bakery groups are warning that a hike in retail prices is now almost inevitable.
Baking products prices in the country have not been raised since November 2003.
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