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Egypt hikes subsidized bread price for the first time in decades

By Inquirer - 6 months ago
CAIRO — Egypt’s cabinet decided Wednesday to raise the price of subsidized bread for the first time in 30 years, Prime Minister Mostafa Madbouly said. The price of a loaf, long set at five piastres ($0.001), would quadruple to 20 piastres ($0.004) from June 1, Madbouly told a news conference. Madbouly acknowledged the move would

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