Faced with the risk of inflation, the Egyptian government is taking special measures to protect citizens' purchasing power. The price of unsubsidized bread is now capped in private bakeries.
In a ministerial directive published Thursday, Supply Minister Sherif Farouk capped the price of unsubsidized bread sold outside the national distribution program at 2 Egyptian pounds (or $0.04) for an 80-gram loaf.
This measure aims to regulate markets and ensure citizens have access to bread "at fair and appropriate prices," the ministry said, adding that authorities will monitor bakeries and penalize violations.
Similar measures have already been taken in Egypt in the past, notably in 2024 and 2022.
In recent days, inflationary pressure has intensified following the surge in global oil prices due to the war, prompting Egypt to raise fuel prices.
Analysts believe this pressure will impact transport and production costs across the economy.
