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Egypt institutes price controls for bread

Bread prices in Egypt have increased considerably since the Russian invasion of Ukraine. Egypt receives the majority of its wheat from the two Eastern European countries.
Egyptian men work in a bakery at a market in Cairo, on March 17, 2022.

The Egyptian government fixed the price of bread today. 

Prime Minister Mustafa Madbouly declared that the price of 1 kilogram (2.2 pounds) is 11.5 Egyptian pounds ($0.63). The regulation applies to nonsubsidized bakeries, the state-owned news outlet Al-Ahram reported

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