Bread prices was the one topic of discussion on the airwaves last night after Prime Minister Moustafa Madbouly announced hikes to the price of subsidized bread.

The rationale: “The decision to raise the price of subsidized bread will help the state keep the subsidy program going,” Supply Minister Ali El Moselhy told Ala Masouleety’s Ahmed Moussa (watch, runtime: 31:25). The decision aims to create some kind of balance, he added, explaining that the cost of a loaf of bread is currently EGP 1.25 but it sells for only EGP 0.05, meaning that the state covers 96% of its cost. “After the new increase the state will bear 84% of the cost, with the citizen bearing only 16%,” El Moselhy told Moussa,

Bakery owners to weigh in: The Supply Ministry will hold a meeting with municipal bakery owners today to review the cost of subsidized bread, El Moselhy told Masa’a DMC (watch, runtime: 25:31).

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Also making the rounds to weigh in on the topic was cabinet spokesman Mohamed El Homsani who joined Ala Masouleety (watch, runtime: 21:26) and Yahduth Fi Masr (watch, runtime: 7:21).

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