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المصري اليوم
Flour Cost Rise and Bread Price Impact
Khaled Fikri, head of the Bakeries Division at the Cairo Chamber of Commerce, confirmed that there has not yet been an official increase in the prices of free (unsubsidized) bread. Any price hike requires an official ministerial directive. The price of a ton of flour has risen by about 4,000 Egyptian pounds since July, while the ministerial directive issued in March still governs the pricing of bread based on their weight. Bakery owners are requesting a 12.5% increase, roughly 25 piastres per 80-gram loaf, but they are awaiting a decision from the Ministry of Supply to confirm any new adjustment. Fikri emphasizes that any price increase will be announced clearly and transparently to the citizens, and that the ministry is the only authority authorized to set bread prices.
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