Price of bread in Egypt soars 50% in 12 months

SKYROCKETING PRICES: The cost of cereals and bread as leapt by nearly 50% over the past 12 months in Egypt.

The price of cereals and bread in Egypt has leapt by nearly 50% over the past 12 months, official figures showed on Saturday as the Arab world's most populous nation faced a wave of protests.

In the year to March, the price of both cereals and bread rose by 48.1%, the director of the Central Agency for Public Mobilisation and Statistics, General Abu Bakr Al-Gendi, told newswire AFP.

The price of cooking oil rose by 45.2% while foodstuffs as a whole rose by an average of 23.5%, he added.

The rise in food prices sharply exceeded the general inflation rate for the 12-month period which stood at 15.8%.

Egypt has been rocked by a wave of protests against skyrocketing prices in recent weeks, particularly in the Nile Delta industrial centre of Mahalla El-Kobra, which saw two days of deadly riots.

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