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المصري اليوم
Bakery chief predicts tourist bread price rise
It is expected that the prices of tourist bread in Egypt will rise during September due to increased production costs, especially with a 12% increase in electricity prices and the impact of rising wheat prices, which have gone up from 18,000 to 20,000 Egyptian pounds per ton—an increase of 2,000 pounds—mainly due to higher prices in the global stock exchange. It is worth mentioning that the price of a loaf of tourist bread has already increased by approximately 25 piastres recently. The differences in prices between regions are attributed to factors such as rent, labor costs, and transportation, along with the absence of a unified regulatory mechanism for tourist bread prices. Officials believe that the price hikes are due to increases in input costs rather than consumer demand, noting that the price of bread has more than quadrupled since the start of the Russian-Ukrainian war.
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