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El-Sisi: government will control goods prices in 2 months

El-Sisi: government will control goods prices in 2 months
Egyptian President Abdel Fattah El-Sisi - (Photo Credit: Photo Archive)

Cairo - Mubasher: Egyptian President Abdelfattah El-sisi said on Monday that the government is working on a programme to increase the supply of basic commodities in order to control price hikes within two months.

Elsisi remarks were made on the sidelines of opening a new housing project in Alexandria, where he also said that the salaries of public sector employees have been raised by EGP 150 billion, and pensions have grew by EGP 53 billion.

This increase in the purchasing power was not met by a similar increase in the market supply, Elsisi explained, adding that the government will work on controlling the prices despite the instability in the exchange rates.