Egyptian PM aims to bring down prices of essential goods by 15-20 percent

Egyptian Prime Minister (PM) Mostafa Madbouly launched a new measure aimed at tackling the escalating inflation and alleviating the burden on citizens. The initiative seeks to reduce the prices of vital commodities by 15-20 percent in the coming days.

The announcement followed a meeting between the PM and representatives from the private sector, including manufacturers, suppliers, and retailers. During the discussions, Madbouly emphasized the importance of collaboration between the government and private businesses to ensure that the benefits of the initiative directly reach consumers.