The price of a subsidized loaf of bread in Egypt has increased by 300%.

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The decision to increase the price of subsidized bread takes effect today, Saturday, June 1, 2024, in line with the decision of the Egyptian Council of Ministers. The new price of a loaf of bread is 20 piasters, up from 5 piasters.

Egyptians buy bread in a popular market in the Sayyida Zeinab area in Cairo, after the price of subsidized bread jumped 300% to 20 piasters ($0.0042) from 5 piasters in Cairo, Egypt, June 1, 2024, according to a decision from the Egyptian Council of Ministers.

Cairo, Egypt - Jun 01, 2024: The price of a subsidized loaf of bread in Egypt has increased by 300%.

Egyptians buy bread in a popular market in the Sayyida Zeinab area in Cairo, after the price of subsidized bread jumped 300% to 20 piasters ($0.0042) from 5 piasters in Cairo, Egypt, June 1, 2024, according to a decision from the Egyptian Council of Ministers.