CAIRO- Egypt will move to increase the price of subsidised bread but aims to do so without harming poor Egyptians, prime minister Mostafa Madbouly said on Wednesday.
The last time the bread price changed was in 1988, when it was set at its current 0.05 Egyptian pounds ($0.0032) per loaf, Madbouly said. Any changes to the subsidy programme are highly sensitive in Egypt.
($1 = 15.7000 Egyptian pounds)
(Reporting by Nadine Awadalla and Momen Saeed Atallah Editing by David Goodman) ((Nadine.Awadalla@thomsonreuters.com;))