Republican presidential candidate Donald Trump speaks to guests during a campaign rally at the Radisson Paper Valley Hotel on March 30 in Appleton, Wisconsin.
Scott Olson—Getty Images
By Tessa Berenson
April 1, 2016

In 2011, Donald Trump predicted riots in the street and exorbitantly expensive loaves of bread due to higher oil prices and a declining dollar. But the business mogul overshot the price of bread by more than 12 times.

In a 2011 NewsMax TV clip dug up by Buzzfeed, Trump says, “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value — which is not good because you’re going to pay $25 for a loaf of bread pretty soon. If you look at what’s happening with our food prices, they’re going through the roof.”

“We could end up being another Egypt,” he added. “You could have riots in our streets also.”

But, luckily for consumers, Trump wasn’t quite right. According to Buzzfeed, the average price of a loaf of bread is currently $2.32.

Write to Tessa Berenson at

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