Decision to Hike Bread Prices Is a Crushing of the Middle and Poor Classes

Regarding the Egyptian Prime Minister’s decision announced today, 29 May, about a fourfold rise in the price of a loaf of bread (from EGP 00.5 to EGP 0.20), the Muslim Brotherhood (MB) expresses its sorrow for the move and considers it a callous measure and a kind of collective punishment, as the poor as well as the middle class will further suffer from its effect. Such step will double the Egyptians’ crises, amid the hiking inflation, the high prices, and the unfair wage system.

We wonder, as do experts and all Egyptian people, about the fate of tens of billions that were supposedly pumped into the state treasury both from abroad and from within, with no positive effect on the life of the citizen. In this regard, the MB stresses that the state is constitutionally responsible for ensuring the fair distribution of wealth, achievement of a decent life for citizens, and achievement of social justice.

MB Media Spokesperson

Sohaib Abdel Maqsoud

(Wednesday, 21 Dhul-Qi’dah 1445 AH, 29 May 2024 AD)