SISI AUSTERITY

Egyptians struggle with first bread subsidy cut in decades

A quadrupling of the price of subsidised bread has made it harder than ever for millions of Egyptians to get by.

 

Issued on: 07/06/2024 -

 Eqypt's government, facing a rising wheat import bill, increased the price of subsidised small loaves of flatbread for the first time in decades on June 1. The loaves are available to more than 70 million people and are vital for the poorest. Even though they are still heavily discounted, the increase to 20 piasters ($0.0042) per loaf from five piasters is one that many households can ill afford.