Recent bread price increases were sparked by Russia's invasion of Ukraine
Egypt's PM sets price of unsubsidized bread
Madbouly sets the price of unsubsidized bread at 11.5 Egyptian pounds per kilogram following recent bread price increases.
Monday 21/03/2022
Recent bread price increases were sparked by Russia's invasion of Ukraine
CAIRO - Egypt's Prime Minister Moustafa Madbouly set on Monday the price of unsubsidized bread at 11.5 Egyptian pounds ($0.66) per kilogram, according to a statement from his office.
President Abdel Fattah al-Sisi last week asked the government to set a price for unsubsidized bread following recent bread price increases sparked by Russia's invasion of Ukraine which have bitten into the purchasing power of consumers in Egypt, a leading importer of wheat from the former Soviet states.