Egypt’s President Abdel Fattah al-Sisi has announced that it was time to increase the price of bread. Mr Sisi said that there would not be a big jump.
This increase has been a highly sensitive issue in the past.
President Sisi suggested it was no longer reasonable to continue subsidising bread to the extent that 20 loaves sell for the price of just a single cigarette.
The International Monetary Fund, which has made substantial loans to Egypt, argues that food subsidies should only benefit those most in need.
A hike in the price of bread in 1977 sparked deadly riots.