Millers increased wheat prices by a similar margin on Monday

A loaf of bread now costs Z$9.45 (81 U.S. cents), compared with Z$6.80 before, Dennis Wallah, president of the National Bakers Association of Zimbabwe, said in by phone Tuesday from the capital, Harare. The state-run Grain Millers Association of Zimbabwe on Monday hiked wheat prices to Z$2,200 from Z$1,600.

Other input costs are also increasing, Wallah said.

"Everything else in terms of the cost of production has been going up; fuel and electricity," he said. "The amount of diesel we are using has also gone up and this contributes to the cost of a loaf."

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