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Supply Minister Announces Six-Month Price Cut Initiative
On the morning of September 10, the Egyptian Ministry of Supply and Internal Trade launched an initiative to reduce the prices of 12 essential goods at the beginning of the first phase. It is planned to expand later by adding 18 more goods during September, bringing the total number of discounted items to 30. The initiative will last for six months, until March 2027, aiming to stabilize the market and provide goods at affordable prices, especially during Ramadan. The discounted items include basic foodstuffs such as sugar, oil, rice, pasta, cheese, and milk, as well as other products like tuna, salt, and detergents. The initiative is part of the government's efforts to regulate markets, expand distribution outlets, encourage private sector participation, and strengthen digital monitoring to ensure the sustainable availability of goods and reduce price manipulation.
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