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Bread Prices

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Egypt hikes bread prices for first time in 30 years, highlighting economic struggle
May 29th, 2024 - 09:13 GMT

Egypt hikes bread prices for first time in 30 years, highlighting economic struggle

ALBAWABA - The Egyptian cabinet resolved on Wednesday to increase the price of bread that is subsidized for the first time in thirty years, AFP cites Prime Minister Mostafa Madbouly, announcing during a press conference that the price of a loaf, which had previously been fixed at five piastres ($0.001), would triple to 20 piastres ($0.004). In light of the fact that Egyptians are already suffering from high inflation and ...
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