Cairo: Egyptian Prime Minister Moustafa Madbouly has reviewed a plan prepared by the Federation of Egyptian Chambers of Commerce (FEDCOC) to cut prices across a wide range of consumer goods, according to a cabinet statement on Monday, August 18th, 2025.

According to State Information Service Egypt, the initiative, launched earlier this month, involves cooperation between the government, producers, retailers, and importers to offer discounts on food, household appliances, school supplies, and vehicles. The federation stated that price reductions have already begun in most governorates, with discounts ranging from 10 percent to 50 percent across participating outlets. The initiative includes an early launch of the summer sales season, with more than 2,100 retailers taking part.

The state-run Food Industries Holding Company has introduced discounts of 5 percent to 18 percent on 640 basic food items at its network of over 1,000 consumer complexes nationwide. Producers and importers are offering cuts of up to 24 percent on various consumer goods. Fruit and vegetable prices have dropped by about 10 percent on average, and manufacturers of household and electrical appliances are offering discounts of between 5 percent and 35 percent. Prices of local and imported cars have also fallen by 10 percent to 20 percent.

Prices of back-to-school supplies have fallen about 10 percent from last year. A similar initiative is being prepared to cut the cost of computers and accessories, backed by long-term financing with no upfront payments. Local and imported cars, both new and used, have also been discounted by 10 percent to 20 percent, with extended financing schemes available.

The government expects further declines in consumer prices, supported by easing wholesale prices, abundant supply, and intensifying competition in the market.