00:02Egypt's trade ministry on Thursday introduced caps on bread prices as people brace for an
00:07increase in the cost of living following a revision of fuel prices. The directive requires
00:14bakeries to display prices and volumes of their bread clearly on storefronts. It also prescribes
00:20penalties for overpricing. President Abdel Fattah el-Sisi warned last week that those accused of
00:27price manipulation would be tried in military codes. The measure comes days after the government
00:33raised prices of gasoline and cooking gas by up to 30 percent amid rising energy costs linked to the
00:40ongoing U.S.-Israeli war on Iran. Inflation rang in at 13.4 percent last month, a sign that the
00:47economic crisis was beginning to ease.
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