The Cabinet media center has dismissed as groundless reports that the government decided to increase the price of subsidized bread as of November.

In a statement on Friday, the center said it contacted the Ministry of Supply and Internal trade, which denied the reports, pointing out the government will continue bread subsidy for ration card holders at 5 piasters a loaf, a system from which 71 million Egyptians benefit.

It said the bread subsidy in the 2022/2023 budget is expected to reach EGP 73 billion.

The center appealed to the media outlets and social media users to be accurate while publishing such reports and contact hot number (19588) or WhatsApp numbers (01155508688 -01155508851) or email ([email protected]) for sending complaints.

Source: State Information Service Egypt