Egypt sets maximum prices for unsubsidised bread loaves
Egypt capped the price of an 80-gram loaf at 2 pounds today to shield consumers from inflation. This follows fuel hikes and rising costs linked to the Iran war.
The government of Egypt has implemented mandatory price ceilings on unsubsidized bread sold in private bakeries, a move aimed at shielding consumers from accelerating inflation. This decision comes as the country faces mounting economic pressure following a spike in global oil prices triggered by the conflict in Iran, which has subsequently driven up domestic fuel and transportation costs.
Bread remains a critical dietary staple for the nation's 120 million residents, making its affordability a high-priority issue for the state. Under a new ministerial directive, the price of an 80-gram loaf of unsubsidized bread is now capped at 2 Egyptian pounds ($0.04). A 50-gram fino bread roll, frequently used for sandwiches, is subject to the same price limit. Smaller portions have also been regulated, with 60-gram loaves capped at 1.5 pounds and 40-gram loaves at 1 pound.
