The price of Bread in Egypt has increased by 50 per cent over the past two days, a week after Russia’s invasion into Ukraine.
Local media yesterday reported that flour prices had jumped to 11,000 Egyptian pounds ($700) per tonne, up from 7,000 Egyptian pounds ($445). The rise was said to have caused anger among citizens.
According to reports from flour suppliers and bakery owners, the surge had increased the “price of the small loaf of bread from 50 piasters to 75, and the large loaf from one pound to 1.5 pounds.”
The flour prices increase has resulted in a similar rise in prices of all pastries, by 25 to 50 per cent,” they explained.
In restaurants, locals noted, the prices of most traditional sandwiches had also increased by “around 25 per cent.”
Some 70 per cent of Egypt’s wheat supplies come from Russia and Ukraine.