Egypt returns to bread price controls as war inflation fears grow

Egypt has set maximum prices for ​unsubsidised bread sold in private bakeries, reviving price controls on staple food as the government ‌seeks to limit the impact on consumers of an expected rise in inflation due to the Iran war.

Inflationary pressure is growing after a spike in global oil prices due to the war, which prompted Egypt to raise fuel prices, and analysts say the pressure ​will ripple through transport and production costs across the economy.

Egypt relies heavily on bread as ​a dietary staple...