Tourist bread worsens Egypt's price crisis

The Bakeries Division of the Cairo Chamber of Commerce announced a price increase of up to 12.5% for tourist bread, due to rising flour prices resulting from increased wheat prices. The price of a ton of flour has risen by approximately 2,000 to 2,250 Egyptian pounds. Consequently, the price of a loaf that was sold for two pounds has increased to about 2.25 pounds, with slight variations in prices across different regions. Conversely, the Ministry of Supply and Internal Trade affirms that official bread prices will remain unchanged and that there will be no adjustments. The ministry also emphasized stricter monitoring of bakeries to ensure adherence to set prices and weights, aiming to prevent violations or manipulations in pricing. This increase is expected to impact hundreds of millions of Egyptians who rely on bread as a main part of their diet, especially as rising costs exacerbate the country's inflation crisis.

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