And if you see a loaf of bread on the stalls of your corner store for more than 2 dollars, Minister Fonseca says that the shop or store owner is gouging customers.
That's because the price of a pack of bread is a regulated commodity - meaning the price is controlled. But, bakeries told 7News last week that in their opinion, the price would have to go up because the cost of flour is spiking.
A rough press release from a group called the "majority stakeholders of bakeries" says all shelf products will have to go up due to higher prices for raw materials and packaging - which have increased by 80%. They say they have requested adjustments for the 16 ounce slice bread - which they are proposing go up from 2.25 to 2 dollars and 50 cents per loaf.
There's also increase proposed increase for hot dog and burger bread form 2.50 to 2.75 along with the products.
The problem is that while the price increase may be justified, the Government hasn't made a final decision to implement it. That means that if you are being charged more than the controlled price, you are overpaying. Here's that part of our interview with Fonseca:
Hon. Francis Fonseca - Cabinet Minister
"No, no, no. Cabinet did not make any such decision. In fact, the Cabinet asked - I think - I believe it's the Minister of Agriculture and Food Security to bring a paper next week on the issue so that we can have a substantive discussion and look at the matter."
Reporter
"Sir, several bakeries, and several grocery stores have already begun to sell their 16-ounce sliced pack of bread at $2.50 What's your comment on that?"
Hon. Francis Fonseca
"They are in absolute contravention of the law. It's illegal; it's illegal. They have no authority to do that. Bread is a controlled-price substance, so they have no authority to do that. And until the law is changed, until there is some approval for the price to change, they are in violation of the law."
