Bread prices in Egypt to remain unchanged after July’s electricity price increases

The price of subsidized bread will remain unchanged despite the expected increase in costs when average electricity prices rise 15% on 1 July, a source from the Supply Ministry told Al Shorouk. The cost to produce a loaf of bread could increase to EGP 0.60-0.62 from EGP 0.55-0.58 when the new prices take effect, the source said. This will be fully absorbed by the government, keeping the price of a subsidized loaf at five piasters.