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Bread Department Reports 10% Cost Rise
The Ministry of Supply and Internal Trade has decided to increase the cost of producing subsidized local bread by 10%, bringing it to 553 Egyptian pounds instead of 503 pounds. This decision comes in response to rising production costs and labor wages, which have not increased for the past three years despite an annual inflation rate of 15%. This move follows a request from bakeries to raise prices by 40%, but the ministry has temporarily approved only a 10% increase. Meanwhile, the implementation of the direct subsidy system is pending, which will definitively determine the costs. It has been confirmed that the price of tourist bread varies depending on the type of bakery and the weight of the loaf.
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