Egypt: Egypt Increases Price for Subsidized Bread for First Time in 36 Years
In late May 2024, the Egyptian Government announced its intention to increase the price of subsidized bread (from 5 piasters {$.001} per loaf to 20 piasters {$.004} per loaf) as of June 1, 2024 -- marking the first increase in the price of subsidized bread in Egypt in 36 years. The Government reports the increased price will reduce its subsidy costs – savings which will be used to improve the utilization of bread and reduce waste.
