Egypt will move to increase the price of subsidized bread but aims to do so without harming poor Egyptians, Prime Minister Mostafa Madbouly said on Wednesday.
“I confirm that [the rise] will be applied but in a way through which we ensure that the neediest people are not harmed,” Madbouly said.
The last time the bread price changed was in 1988, when it was set at its current 0.05 Egyptian pounds ($0.0032) per loaf, he said.
($1 = 15.7000 Egyptian pounds)
